Lending Protocol Radiant Capital Exploited, Misplaced $4.5M in ETH
Cross-chain lending protocol Radiant Capital (RDNT) fell sufferer to a hack on Tuesday, ensuing within the theft of 1,900 ETH, price roughly $4.5 million.
Radiant Capital said on X that the Radiant DAO Council has quickly suspended its lending and borrowing markets on Arbitrum, a Layer-2 scaling resolution on which Radiant Capital operates, whereas the difficulty is being investigated.
In a subsequent tweet, Radiant Capital defined that the hack was attributable to “a problem with the newly created native USDC market on Arbitrum.” The protocol additionally assured customers that no present funds are in danger and that operations would return to regular as soon as the investigation is accomplished.
Tell us what you really liked about this text, what could possibly be improved, or share some other suggestions by filling out this quick type.
This text comprises hyperlinks to third-party web sites or different content material for data functions solely (“Third-Social gathering Websites”). The Third-Social gathering Websites usually are not underneath the management of CoinMarketCap, and CoinMarketCap will not be answerable for the content material of any Third-Social gathering Web site, together with with out limitation any hyperlink contained in a Third-Social gathering Web site, or any modifications or updates to a Third-Social gathering Web site. CoinMarketCap is offering these hyperlinks to you solely as a comfort, and the inclusion of any hyperlink doesn’t suggest endorsement, approval or suggestion by CoinMarketCap of the location or any affiliation with its operators.
This text is meant for use and should be used for informational functions solely. You will need to do your individual analysis and evaluation earlier than making any materials choices associated to any of the services or products described. This text will not be meant as, and shall not be construed as, monetary recommendation.
The views and opinions expressed on this article are the writer’s [company’s] personal and don’t essentially mirror these of CoinMarketCap.
