The DeFi project claimed that hackers compromised the hardware wallets of its long-term developers and injected malware.

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,

Major cross-chain lending protocol Radiant Capital has shut its lending markets due to a critical security vulnerability that saw losses of over $50 million.

Exploited Radiant Capital contracts drained over $50 million worth of crypto on Wednesday. The attacker would have needed access to at least three multi-sig keys

Radiant Capital lost more than $50 million after the exploiter obtained three signers for the multisig wallet that controlled the lending protocol, raising serious concerns about the use of multisig systems in blockchain protocols.

Radiant Capital has allegedly been hacked with scammers siphoning $51,5 million so far from the accounts. The attack is reportedly isolated to Arbitrum and BSC. In a post on X platform, Web3 real-time security and hack prevention Ancilia Inc.