Radiant Capital has suffered a significant exploit affecting its lending markets on the BNB Chain and Arbitrum. On October 16, 2024, various blockchain security firms detected suspicious activity, revealing that at least $16 million had been drained from BNB, with total losses estimated at $50 million across multiple trading pools. In response, Radiant Capital alerted users to revoke permissions for the implicated smart contracts and paused markets on both Ethereum and its layer-2 network. The protocol is working with several security partners to investigate the incident, but it has not officially labeled the situation as a cybersecurity breach. This incident follows a previous exploit in January that also resulted in fund losses due to a flash loan attack. Users are urged to remain vigilant and utilize tools like Revoke.Cash to check for potential risks regarding their assets.

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