Radiant Capital faced a cyber attack, resulting in a loss of over $4.4 million.
The breach prompts a temporary pause, leading to a decline in sentiment for both Radiant Capital and Arbitrum.
Radiant Capital [RDNT] is a platform that seeks to unify fragmented liquidity across various lending protocols and chains in the decentralized finance (DeFi) space. However, recent events have cast a shadow on its integrity as the platform fell victim to a malicious attack.
An attacker on the loose
Cyvers, a cybersecurity firm equipped with an AI-powered system, unearthed the nefarious activities targeting RDNTCapital.
The suspicious transactions flagged by their system pointed to a price manipulation issue, resulting in a staggering loss exceeding $4.4 million.
The attackers’ address was identified through multiple rugpull transactions on Arbitrum, unraveling the complexity of the exploit.
ALERTOur AI-powered system has identified multiple #rugpull transactions on #ARB linked to this address: h
We współpracy z: https://ambcrypto.com/radiant-capital-falls-prey-to-this-security-hack-details-here/
