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coinpedia
2024-10-17 08:21:30

Radiant Capital Hack: How a Multisig Flaw Led to a $50M Loss

Radiant Capital Hack: How a Multisig Flaw Led to a $50M Loss

The post Radiant Capital Hack: How a Multisig Flaw Led to a $50M Loss appeared first on Coinpedia Fintech News DeFi platform Radiant Capital has been hacked, draining over 50 million dollars from the Binance Smart Chain (BSC) and Arbitrum’s systems. The hack, first covered by blockchain security firm Ancilia, used misconfigurations in the Radiant smart contracts. How the Hack Unfolded As to how they got in, apparently, the attackers intruded through a weakness in …

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