Cyvers in the News

Radiant Capital Suffers $50 Million Hack; Second Major Attack in 2024

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^{Cyvers Alerts first recognized this news,} detecting a series of suspicious transactions involving Radiant Capital on multiple chains.

^{Cyvers warned users} to avoid all interactions with Radiant until further notice.

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“It appears that the platform has suffered a private key compromise, leading to an ongoing attack. A malicious actor gained control of multi-sig wallets and has already drained over $50 million in user assets by exploiting the transferFrom function,” said Cyvers ’ alert.

Radiant Capital Loses $50M in its Second Attack This Year

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^{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.

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^{Cyvers, the on-chain detective, revealed a detailed analysis} of how the attack happened. Radiant Capital, similar to other leading cryptocurrency firms, uses a multi-signature wallet for security

Radiant Capital Hit by $50M Loss in Second Attack

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^{According to Cyvers Alert} , Radiant Capital faced a private key compromise that impacted its activities on the BNB Smart Chain (BSC) and ARB chains, leading to a loss of about $50 million in money. ^{Cyvers , which is known for its on-chain investigation work,} offered a thorough examination of the incident.