Radiant Capital suffered a hack resulting in losses exceeding $4 million and has suspended its lending market on Arbitrum

2024-01-03 08:26:25

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ChainCatcher news reports that, according to Ancilia monitoring, the multi-chain lending protocol Radiant Capital has allegedly been hacked, with total losses exceeding $4 million on Arbitrum.

Additionally, the contract deployer of Radiant Capital left a message on-chain to the attacker stating that they would like to discuss the exploitation of the vulnerability. They assume that the attack was carried out in a white hat or gray hat capacity (for various reasons), and they hope to communicate to resolve the upcoming issues. Please send us a message at RadiantBugNegotiation@radiant.capital so we can discuss further.

Radiant Capital responded that they received reports about issues with the newly created native USDC market on Arbitrum. After verification by Radiant developers and the Web3 security community, the Radiant DAO committee temporarily suspended the lending market on Arbitrum while further investigations are conducted.

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