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Saturday, October 19, 2024
Radiant Capital's future has dimmed following a catastrophic security breach.
The multi-chain lending protocol suffered a devastating attack that drained over $53 million from user wallets.
It appears that compromised private keys left Radiant's defenses in tatters.
Markets frozen, users reeling, damage still being tallied and this will be one hell of a post-mortem.
This marks the second major incident for Radiant in 2024, following a $4.5 million flash loan exploit earlier this year.
Could this be the final nail in Radiant Capital's coffin, or can they somehow rise from these ashes?
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We are all rekt.