cryptocurrency Hacking incidents in the industry never end. Latest news at this point cross-chain lending protocol Radiant Capital’came from
Sharing via X account PeckShieldAlert Radiant Capital was hacked and 1.9 thousand Ethereum worth approximately $4.5 million was stolen told.
Radiant Capital, which accepted the hacking incident, At Arbitrum (ARB) He stated that there was a problem with the newly established local USDC market and made the following statement:
“Today we received a report of an issue with the newly created native USDC market on Arbitrum.
The Radiant DAO Council has temporarily paused lending/borrowing markets on Arbitrum while the matter is investigated further.
None of the available funds are at risk.
No transactions can be made on Arbitrum until the markets are unpaused.
“Once the issue is fully resolved, a detailed report will be issued and normal operations will be carried out under the Arbitrum protocol once the investigation is completed.”
experienced a decline of approximately 3% after the hacking incident. RDNT It subsequently recovered and continues to trade at $0.325 at the time of writing.
Today, we received a report of an issue with the newly created native USDC market on Arbitrum. After validation by Radiant developers and the wider Web 3 security community, the Radiant DAO Council paused lending/borrowing markets on Arbitrum temporarily while this is…
— Radiant Capital (@RDNTCapital) January 3, 2024
*This is not investment advice.
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