Cyvers in the News

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.

Radiant Capital Hit By $50 Million Crypto Hack

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^{Cyvers Alerts reported} that the Radiant platform appeared to have “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.

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

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^{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.