🚨 Radiant Capital suffers $50M hack! 🚨

Radiant Capital was hacked on Wednesday, resulting in losses of over $50 million. Blockchain security firm Ancilia Inc. detected suspicious activity on a Radiant smart contract on the BNB Chain. The hackers compromised a multisig, obtaining private keys from 3 of the 11 signers, allowing them to drain funds from liquidity pools on Binance and Arbitrum.

Radiant has suspended its markets on Ethereum and Base while it investigates. 🛡️

What do you think about security in DeFi? Comment below!