TechFlow news, on October 17, according to security firm Ancilia, cross-chain lending protocol Radiant Capital appears to have suffered a hack, resulting in losses of up to $51 million. According to Arkham Intelligence data, the attack originated on the Arbitrum network and subsequently spread to the BNB Chain.
Web3 security company Ancilia warned users on social media to immediately revoke their approvals for Radiant contracts. Security experts suggest this may be due to a vulnerability in newly deployed contracts that allowed hackers to exploit the transferFrom function to transfer user assets without authorization.
Tony Ke, Head of Security Research at Fuzzland, stated that the attackers might have obtained Radiant's multi-signature private keys through phishing, device compromise, or insider involvement. Currently, the hacker's address holds over $32 million in Arbitrum assets and approximately $18 million in BNB Chain tokens.
Earlier this year, Radiant Capital was previously hit by a flash loan attack, losing around 1,900 ETH (worth $4.5 million).
