Radiant Capital has suspended its lending markets after a $50 million cyberattack on BNB Chain and Arbitrum.

- Exploitation of the 'transferFrom' function allowed users to withdraw funds: $USDC, $WBNB, $ETH and others.

- Losses are estimated at $58 million, according to De.Fi and Ancilia Inc.

- Radiant is working with SEAL911, Hypernative, ZeroShadow and Chainalysis to resolve the issue.

- Markets on Base and Mainnet are suspended until further notice.

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