Radiant Capital Hack: $52 Million Moved to Ethereum by Hacker
Radiant Capital Hacker Moves Stolen Funds
A massive hack against Radiant Capital, a decentralized finance (DeFi) lender, has led to a new development: the hacker has begun moving the funds stolen from their network. Worth $52 million in crypto, the funds were transferred to the Ethereum network, although it has been confirmed that this represents only a portion of the total money stolen from the recent attack.
Significant Movement of Stolen Funds
The hacker's recent activity signifies a substantial transfer of the stolen funds across various addresses, gaining notoriety in the crypto industry for being one of the largest exploits. PeckShield, a blockchain security company, reported that the hacker behind this theft has moved the funds to the Ethereum network, utilizing a method to obscure their trail. This alarming event raises questions about the security measures in place for platforms like Radiant Capital.
- 52 million dollars moved to Ethereum.
- 20,500 ETH transferred across six accounts.
- Use of crypto mixers to launder funds.
Details of the Attack
The attack against Radiant Capital was initiated last weekend, primarily targeting the developers' wallets. It is crucial for companies in the cryptocurrency space to enhance their security measures to prevent such breaches in the future.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.