2024-01-04
On Jan 3, 2024 cross-chain lending platform Radiant Capital got
hacked for 1,900 ETH ($4.5 million).
Radiant Capital supports 3 blockchains including Ethereum, BNB
Chain, and Arbitrum. It got hacked from a flash-loan-based upon launching the
newly created native USDC market on Arbitrum on Jan 2, 2024.
According to Certik Alert, the attacker inflated the liquidity index
and then exploited the “rayDiv() during deposit and withdraw to drain the
lending pools.
Radiant has temporarily suspended lending and borrowing market on
Arbitrum.
Radiant currently has $298 million total value locked.
As of Jan 4, 2024 RDNT tokens have market cap of $134 million and
fully diluted market cap of $314 million. It ranks 290th largest
crypto by market cap.
