The recent incident posed a significant challenge for Radiant Capital. Following a $50 million hack, the platform is actively working with U.S. law enforcement to address the situation.

Methods Used by Hackers

Cyber criminals employed a sophisticated malware injection technique to compromise the hardware wallets of several developers. They exploited vulnerabilities in the Safe Wallet interface, manipulating transaction data while executing transactions covertly.

Radiant Capital's Response

In response to the security breach, Radiant Capital has pledged to enhance multisig controls and is actively collaborating with the web3 security firm zeroShadow to freeze the stolen assets.

Impact on DeFi Community

The incident has heightened concerns within the crypto community about trust in DeFi platforms. While significant steps have been taken, vulnerabilities remain a critical issue for the broader sector.

Radiant Capital is taking significant steps to ensure security after the incident, highlighting the need for enhanced security measures in DeFi to prevent future threats.