Radiant Capital recently revealed details of the Oct. 16 attack where hackers stole over $50 million in digital assets from the BNB Chain and Arbitrum networks. The attackers compromised the devices of three developers through a sophisticated malware injection, allowing them to sign and execute malicious transactions without detection. Radiant Capital, a DeFi platform, operates as an omnichain money market for cross-chain transactions. The breach occurred during a routine multisignature emissions adjustment, where compromised devices intercepted and replaced legitimate approvals with malicious transactions. Despite appearing legitimate, the signed transactions were used to drain assets and exploit open approvals. The attack went undetected during manual reviews and simulations. The protocol advised users to revoke approvals on all chains to prevent further incidents. This incident highlights the importance of security measures in the crypto space, as access control exploits accounted for a significant amount of lost funds in the third quarter. Read more AI-generated news on: https://app.chaingpt.org/news