#RadiantCapital Reports Exploit of $4.5 Million Ethereum Loss
Radiant Capital has confirmed a security breach resulting in the theft of approximately $4.5 million worth of Ethereum. #Blockchain security firm PeckShield Inc. reported that the hacker drained 1,900 Ethereum tokens within six seconds after activating a new market on the decentralized platform. The exploitation, rooted in a time window vulnerability during the activation of a new market (based on Compound/Aave), was further exacerbated by a known rounding issue in the current Compound/Aave codebase. Radiant Capital acknowledged the hack, stating that the #Arbitrum markets have been temporarily closed for investigation. They assured users that no funds are currently at risk, and further actions will be determined once the markets are unpaused on Arbitrum.
Source - Hongji Feng @hongji-feng
Website - Cryptonews