Radiant Capital suffered a major attack on its BSC and ARB chains as per reports.
The cryptocurrency sector has lost $5.6 billion worth of funds in scams according to the FBI.
With the approaching US elections, there have been some intriguing advancements in the digital assets sector. Amid new announcements, members have also witnessed security concerns being raised. Recently, on Wednesday, the Cosmos Hub’s systems were identified as having security vulnerabilities and recommended for an audit.
Meanwhile, the DeFi platform, Radiant Capital, encountered a blockchain attack in the past day for the second time since the beginning of 2024. According to Cyvers Alert reports, the platform witnessed a private key compromise in its BSC (BNB Smart Chain) and ARB chains that led to the loss of $50 million worth of funds.
Cyvers, the on-chain detective, revealed a detailed analysis of how the attack happened. Radiant Capital, similar to other leading cryptocurrency firms, use
We współpracy z: https://thenewscrypto.com/radiant-capital-loses-50m-in-its-second-attack-this-year/
