Blockchain lending protocol Radiant Capital lost more than $50 million on Wednesday as the result of an apparent cyberattack, according to security experts and blockchain data. An attacker gained control of Radiant Capital's blockchain contracts by obtaining three of the "private keys" that control the protocol, security experts said. "Radiant Capital contracts were exploited on BSC & ARB chains with the 'transferFrom' function," Web3 security firm De.Fi explained on X. The Radiant platform encompasses a suite of tools allowing users to borrow, lend, and bridge cryptocurrencies across blockchains.
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