**Radiant Capital Halts Lending After $50M Cybersecurity Breach**

Radiant Capital has paused its lending markets following a significant cybersecurity breach, resulting in over $50 million in losses. The cross-chain lending protocol was exploited on BNB Chain and Arbitrum, with attackers using the 'transferFrom' function to drain funds, including USDC, WBNB, and ETH.

Cybersecurity firms De.Fi Antivirus and Ancilia Inc. confirmed the breach, estimating losses between $50 million and $58 million. Radiant Capital is collaborating with SEAL911, Hypernative, ZeroShadow, and Chainalysis to address the issue.

The attack compromised Radiant's multisignature wallet, allowing the attacker to seize control of several smart contracts. This incident highlights the vulnerabilities in multisig security, which, despite being a common safeguard in Web3, can create centralized points of failure.

Radiant has advised users to revoke all approvals and remains committed to resolving the situation.