The hacker responsible for the Radiant Capital exploit last year successfully increased their stolen funds, transforming $53 million into $102.5 million through cryptocurrency trading.
Hacker's Profit from Theft
According to blockchain intelligence platform Lookonchain, the hacker managed to increase their profits by 93.5%, gaining approximately $102.5 million from the stolen $53 million. All the stolen assets were exchanged for 21,957 ETH, and after nearly ten months of waiting, they began liquidating their assets, earning $49.5 million.
Hacker's Methods
The Radiant Capital hack occurred in October 2024, when attackers employed social engineering. They impersonated a former company contractor on Telegram and sent a file disguised as a PDF, which contained macOS malware. This tricked developers into signing malicious smart contracts.
Overall Damage from Crypto Attacks
Since the beginning of 2025, more than $3.1 billion has been lost in the crypto industry due to various hacks and scams. Hackers continue to sharpen their tactics, highlighting the need for stronger security measures in this sector.
The Radiant Capital hack became one of the most significant events in the crypto industry in 2024. The successful manipulation of stolen funds raises questions about market security and the need for improved defenses against such attacks.
