Cyvers in the News

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.

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.

“Users are strongly advised to avoid interacting with the protocol at this time and revoke all data approval for the protocol. Please exercise caution until the situation is resolved.”

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Bingx Hit With $52 Million Hack, Lazarus Group Suspected

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Asian cryptocurrency exchange Bingx confirmed on Sept. 20 that a hacking attack forced them to suspend withdrawals. While the company claimed “minor asset loss,” ^{security firm Cyvers estimated total losses at approximately $52 million}

Explaining the higher loss estimate,^{Hakan Unal, Senior Security Operations Lead at Cyvers} , cited a more comprehensive analysis of the incident across all affected chains which led to a “more accurate estimate of the $52 million loss.”