Radiant Capital allegedly hacked and $51m stolen

Bitget App

Trade smarter

Bitget

News

Cryptopolitan2024/10/16 20:30

By:By Enacy Mapakame

Share link:

Radiant Capital has allegedly been hacked with scammers siphoning $51,5 million so far from the accounts. The attack is reportedly isolated to Arbitrum and BSC.

In a post on X platform, Web3 real-time security and hack prevention Ancilia Inc. warned the market of the breach and confirmed the illegal activity which resulted in the transfer from user’s account through contract 0xd50cf00b6e600dd036ba8ef475677d816d6c4281.

“Please revoke your approval ASAP. It seems like the new implementation had vulnerability functions,” warned Ancilia.

This is a developing story

See also Bitcoin price: Why the 2024 US elections might be a non-event for BTC's parabolic phase

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14