DataBreaches.Net

Menu
  • About
  • Breach Notification Laws
  • Privacy Policy
  • Transparency Report
Menu

Radiant Capital Halts Lending After $50+ Million Security Breach; Compounded by Ancilia Goof

Posted on October 17, 2024 by Dissent

Coinpaper reports:

Radiant Capital paused its lending markets after a cybersecurity breach that resulted in losses of more than $50 million on both the BNB Chain and Arbitrum networks. According to Web3 cybersecurity firm De.Fi Antivirus, the exploit was linked to the “transferFrom” function in Radiant Capital’s smart contracts, which allowed the attacker to drain funds from users, including assets like USDC, WBNB, and ETH. De.Fi estimated the total losses to be around $58 million. Another cybersecurity firm, Ancilia Inc., confirmed a similar figure of about $50 million.

Radiant Capital acknowledged the issue on its X account and stated that it is working with cybersecurity firms SEAL911, Hypernative, ZeroShadow, and Chainalysis to investigate the breach. Lending markets on Binance Chain and Arbitrum have been paused until further notice. The protocol’s Base and Mainnet markets were also halted as a precaution.

[…]

The drama surrounding Radiant Capital did not end after the hack. Security firm Ancilia is facing a lot of criticism from the crypto community after it mistakenly shared a wallet drainer link while trying to help the users who were affected by the $50+ million exploit of Radiant Capital. After the hack, Radiant Capital users were rushing to revoke permissions to protect their funds.

Ancilia’s now-deleted post, which re-posted a link from an imposter Radiant X account, directed users to what they believed was an official source for revoking permissions. However, the link led to a malicious wallet drainer, which ended up putting users’ funds at further risk.

Read more at CoinMarketCap.

Category: Financial SectorOf Note

Post navigation

← Iranian Cyber Actors’ Brute Force and Credential Access Activity Compromises Critical Infrastructure Organizations
Double trouble: DoctorsToYou has not one, but two data security incidents to address →

Now more than ever

"Stand with Ukraine:" above raised hands. The illustration is in blue and yellow, the colors of Ukraine's flag.

Search

Browse by Categories

Recent Posts

  • B.C. health authority faces class-action lawsuit over 2009 data breach (1)
  • Private Industry Notification: Silent Ransom Group Targeting Law Firms
  • Data Breach Lawsuits Against Chord Specialty Dental Partners Consolidated
  • PA: York County alerts residents of potential data breach
  • FTC Finalizes Order with GoDaddy over Data Security Failures
  • Hacker steals $223 million in Cetus Protocol cryptocurrency heist
  • Operation ENDGAME strikes again: the ransomware kill chain broken at its source
  • Mysterious Database of 184 Million Records Exposes Vast Array of Login Credentials
  • Mysterious hacking group Careto was run by the Spanish government, sources say
  • 16 Defendants Federally Charged in Connection with DanaBot Malware Scheme That Infected Computers Worldwide

No, You Can’t Buy a Post or an Interview

This site does not accept sponsored posts or link-back arrangements. Inquiries about either are ignored.

And despite what some trolls may try to claim: DataBreaches has never accepted even one dime to interview or report on anyone. Nor will DataBreaches ever pay anyone for data or to interview them.

Want to Get Our RSS Feed?

Grab it here:

https://databreaches.net/feed/

RSS Recent Posts on PogoWasRight.org

  • D.C. Federal Court Rules Termination of Democrat PCLOB Members Is Unlawful
  • Meta may continue to train AI with user data, German court says
  • Widow of slain Saudi journalist can’t pursue surveillance claims against Israeli spyware firm
  • Researchers Scrape 2 Billion Discord Messages and Publish Them Online
  • GDPR is cracking: Brussels rewrites its prized privacy law
  • Telegram Gave Authorities Data on More than 20,000 Users
  • Police secretly monitored New Orleans with facial recognition cameras

Have a News Tip?

Email: Tips[at]DataBreaches.net

Signal: +1 516-776-7756

Contact Me

Email: info[at]databreaches.net

Mastodon: Infosec.Exchange/@PogoWasRight

Signal: +1 516-776-7756

DMCA Concern: dmca[at]databreaches.net
© 2009 – 2025 DataBreaches.net and DataBreaches LLC. All rights reserved.