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Notably, the malicious contract associated with the exploit had been active for 14 days prior, suggesting careful planning for the attack.<\/p>\n
Mudit Gupta, Chief Information Security Officer at Polygon Labs, highlighted security flaws in the protocol, pointing out that even with 11 authorized signers for the wallet, only three signatures were needed for transaction approvals, potentially leading to this vulnerability.<\/p>\n
This marks the second significant exploit for Radiant in 2024, following a flash loan attack that resulted in a loss of $4.5 million in January.<\/p>\n
\n\ud83d\udea8 It looks like @RDNTCapital<\/a> has been exploited for at least $48M, most likely due to an access control exploit.<\/p>\nHere\u2019s what we know so far \ud83d\udc47 pic.twitter.com\/lnBejElZOg<\/a><\/p>\n\u2014 Hacken\ud83c\uddfa\ud83c\udde6 (@hackenclub) October 16, 2024<\/a><\/p><\/blockquote>\n
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Notably, the malicious contract associated with the exploit had been active for 14 days prior, suggesting careful planning for the attack.<\/p>\n
Mudit Gupta, Chief Information Security Officer at Polygon Labs, highlighted security flaws in the protocol, pointing out that even with 11 authorized signers for the wallet, only three signatures were needed for transaction approvals, potentially leading to this vulnerability.<\/p>\n
This marks the second significant exploit for Radiant in 2024, following a flash loan attack that resulted in a loss of $4.5 million in January.<\/p>\n
\n\ud83d\udea8 It looks like @RDNTCapital<\/a> has been exploited for at least $48M, most likely due to an access control exploit.<\/p>\n
Here\u2019s what we know so far \ud83d\udc47 pic.twitter.com\/lnBejElZOg<\/a><\/p>\n
\u2014 Hacken\ud83c\uddfa\ud83c\udde6 (@hackenclub) October 16, 2024<\/a><\/p><\/blockquote>\n