⚠️ Radiant Capital (RDNT) exploited on BSC, ~$18M stolen so far

Radiant Capital, a cross-chain lending protocol whose native token is RDNT, has been hit by another major security incident, this time on Binance Smart Chain (BSC) with on-chain security firm Ancilia reporting roughly $18 million stolen so far. This adds to a series of exploits against the protocol in 2024, including a January flash-loan-style attack on Arbitrum that drained about $4.5 million in ETH and a much larger October 16, 2024 compromise that ultimately led to losses of over $50 million across BSC and Arbitrum. In the October event, attackers used malware and social engineering to trick multi‑sig signers into approving malicious transactions, seize control of core pool contracts, and upgrade them to malicious versions that could drain funds from users who had granted approvals. The BSC exploit flagged by Ancilia occurs against the backdrop of Radiant’s ongoing recovery and remediation efforts from these earlier incidents. Following the October 2024 breach, Radiant proposed creating “pre-hack isolated markets” on BSC and Arbitrum using cloned lending contracts with fractional reserves to gradually reimburse affected depositors while the team works with authorities and blockchain forensics to pursue fund recovery. The protocol’s total value locked and broader viability have been significantly impacted by these attacks; community discussions and external analysis now frame Radiant as a prominent example of how both smart contract vulnerabilities and governance/operational security weaknesses (such as compromised multisig signers) can undermine cross-chain DeFi lending platforms. The new BSC-specific loss of around $18 million, if confirmed as part of or in addition to the October attack pattern, reinforces concerns around Radiant’s security posture and the systemic risk such exploits pose to users, liquidity, and trust in DeFi infrastructure on BSC and other networks.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Radiant Capital Exploited for $50 Million on Arbitrum and BSC (binance.com)
• Explained: The Radiant Capital Hack (October 2024) (halborn.com)
• Lending Protocol Radiant Capital Exploited, Lost $4.5M in ETH (coinmarketcap.com)
• Radiant Capital Hack Analysis - QuillAudits (quillaudits.com)
• RFP-47: Creating Fractional Reserve Markets to Reimburse Radiant ... (community.radiant.capital)