The hacker responsible for the recent breach at the decentralized finance platform Radiant Capital has shifted nearly all stolen funds from layer-2 networks to Ethereum, likely to hide their trail.
Blockchain security firm PeckShield reported on October 24 that around 20,500 Ether, valued at approximately $52 million, was moved from Arbitrum and Binance BNB Chain to Ethereum.
Radiant Capital urged users on October 23 to protect their wallets by revoking access to compromised smart contracts, warning of potential further losses.
After the breach on October 16, which resulted in over $50 million in losses, the lending protocol halted its markets.
A post-mortem on October 18 revealed that the attackers used sophisticated malware to infiltrate the devices of at least three core developers, allowing them to control the multisignature wallet.
This platform enables users to earn interest and borrow across various blockchain networks, including Ethereum and BNB Chain. Since the exploit, its total value locked has dropped by 66%, now approximately $24 million, according to DefiLlama.
An international arrest warrant has been requested for Hayden Davis, co-creator of the LIBRA token, which became the center of a major political scandal in Argentina.
Chris Larsen, the co-founder of Ripple, suffered a significant financial blow in 2024 when he lost over $661 million worth of XRP due to a security breach in the password management system LastPass.
Venture capitalist and Mission Gate founder George Bachiashvili is now facing imprisonment in Georgia after a court revoked his bail.
Hackers have exploited a vulnerability in DeFi aggregator 1inch’s resolver smart contract, leading to losses of over $5 million, according to blockchain security firm SlowMist.