Def Protocol Radiant Capital loses $ 48 million in the second exploitation this year ⋅ Crypto World Echo
Multi -patient money market -radiating capital has been used for at least $ 48 million, suspected of having access to access, according to early reports By the security company Hacken.
A natural sign of Def Protocol Rdnt After the news, 7% dropped and is still just over 5% over the last 24 hours, trading at $ 0.067 over the press time.
The attack seems to have included a compromise on the Radiant Capital Multisig Monin – a security feature that is commonly used to increase protection, requiring several confirmation for transactions.
Hackers succeeded in obtaining a control of the platform pool provider's contract, taking ownership to a malicious contract. This violation allowed the attacker to remove large amounts of assets from the liquidity pools of the platform Binance Smart Chain (BSC) and arbitrate.
As a result, the chips in the pools of loans created on both circuits were emptied and the exploiter escaped with chips such as wrapped ether (Weth), wrapped in Bitcoin (WBTC), arbitrum (wbtc), arbitrum (WBTC), arbitrum (Arb), USD coin (USDC) and to hit USD (USDT).).
Hacker counseled Users immediately cancel all the confirmations they were given to the radiant Capital to avoid access to their financial funds.
Hacken too reported The fact that the malicious contract used in the attack was implemented 14 days ago, indicating that the exploiter designed it for more than two weeks. This case was another attempt by hackers after he was on the first attempt on October 10.
The attacker even tried to perform the attack on October 10, but the test failed. Blockchain security company users cancel the fastening capital confirmations to prevent unauthorized access to their assets.
Tony KE, Head of Fuzzland's Security Technique, recommended Users also cancel the Ethereum and base attachments, although they did not confirm that these circuits have radiation.
Namely, over half of the $ 75.5 million drained is locked (tvl), which Radant Capital enrolls, mediated by Defilma dataTo.
Low signal threshold
Mudit Gupta, Ciso Polygon laboratoriesTo do, called Experilement “Failure of Key Management”. This is due to the fact that Radiant Capital used several signatures with 11 authorized signers but required only 3 signatures to confirm the changes in its contracts.
Using the Xboboshant of X -user Xbooshant interviewed Low signal threshold, less than 30% of the total number.
This is another exploitation whose radiant suffered in 2024 after the attacker used flash loan -based exploitation empty $ 4.5 million from the protocol in January.
The radiant lost up to 37% of its TVL three weeks after the lightning loan was used. Although he was able to return most of the March by March, the amount of money locked in the protocol decreased in the consecutive months, resulting in 75% of the TVL.
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