The $ 50 million hack sent shockwaves across the defi community with funds authorized to different projects completely drained. $ 50 Million Hack a Stark Warning for the Defi Industry The complexity and precision of a recent attack on Radiant Capital, a decentralized cross-chain lending protocol built on Layerzero has exposed another layer …
Defi Platform Radiant Capital Loses Digital Assets Worth $4.5 Million After Flash Loan Attack
Radiant Capital, a decentralized finance (defi) platform, confirmed on Jan. 3, 2023, that it fell victim to an attack which saw the “protocol accruing bad debt in the WETH market, totaling about 1.3% of total protocol TVL” or $ 4.5 million. Radiant Capital has urged the hackers to establish contact with the defi platform …