Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business
Marvie Basilan

Radiant Capital Exploit: Over $50M Lost After BNB Chain, Arbitrum Contracts Hit In Multisig Breach

Radiant Arbitrum Crypto United States Adam Cochran blockchain Lookonchain
An exploiter drained over $50 million in user funds after compromising Radiant Capital's multisig wallet. (Credit: Radiant Capital Website/Screenshot)

KEY POINTS

  • Two security analytics firms have said the total amount stolen has reached $58 million
  • Industry experts raised concerns over the protocol's low signature requirement for its multisig
  • Radiant has since paused its markets, but has yet to provide a detailed breakdown on the breach

Major cross-chain lending protocol Radiant Capital paused its lending markets after suffering millions in losses due to a breach that affected some of its smart contracts on the BNB Chain and Arbitrum network, rocking the cryptocurrency community to the core, given the size of the protocol.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
7 Foods From Your ’80s Childhood That Aren’t Made the Same Way Anymore
If you grew up in the 1980s, you probably remember the bright orange macaroni and cheese, the sweet taste of your favorite soda, and snacks that seemed to make every afternoon better. Some of those familiar products are still available, but the versions on store shelves today may not be…
Grocery Coupon Guide
Grocery Coupon Guide
Brooklyn couple uncover 1901 coal log tied to family history while restoring an 1880s house
James and Laureta Gale found a 1901 coal delivery schedule during their renovation of a historic lodging house. Their discovery connects to James's family history with coal delivery in Brooklyn. The couple is transforming the 1880s building into an 11-room guesthouse with modern amenities. They are also preserving original features…
The Times of India
The Times of India
A couple told a North Carolina woman they were only feeding the turtles, then she turned her camera to the pond
The woman kept on throwing food into the water.
We Got This Covered
We Got This Covered
A Michigan woman says she found worms in fudge from the Applebutter Fest, adding ‘I’m totally grossed out’
An unwanted visitor has made itself a home.
We Got This Covered
We Got This Covered
Lil Jon Says It's 'Hard To Process' Learning the Man Who Raised Him Wasn't His Biological Father
Lil Jon says cousin's DNA test revealed Willie, who raised him, was not his biological father. Ahead of his memoir's release, he reflects on unanswered questions, his son's death and relatives' calls.
International Business Times UK
International Business Times UK
39 Years Later, One X-Men Legend Almost Fixed A Massive Star Trek Timeline Gap
Could we have gotten a deep-dive into Star Trek history? James McAvoy's prequel pitch about playing a younger Picard on the Stargazer sounds amazing.
Inverse
Inverse
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play