Arkham: Hack Causes Radiant Capital to Lose $51 million in Arbitrum and BNB Chain
According to Arkham data, Radiant Capital is suspected of being attacked, starting with Radiant's Ethereum Layer 2 Arbitrum and then moving to the BNB Chain.
According to Ancilia, a backdoor contract was deployed around 17:09 UTC on Wednesday, allowing unknown attackers to gain unauthorized access and begin transferring tokens.
Tony Ke, head of security research at Fuzzland, said: "Radiant Capital has been a victim of hacking attacks, with Arbitrum and BNB Chain losing $51 million to date. Ethereum and Base deployments appear to be secure, but we caution anyone interacting with these contracts at this time."
Earlier this year, Radiant Capital lost about 1900 ETH, worth $4.50 million, in a flash loan attack.