Radiant Capital reported a sophisticated hack resulting in a loss of approximately $50 million, which targeted the hardware wallets of long-term developers. Hackers were able to manipulate transaction data through malware and used poisoned signatures to appear legitimate, allowing them to perform multi-signature approvals and drain multiple liquidity pools, including well-known tokens like USDC and WETH. This attack is described as one of the most sophisticated in decentralized finance (DeFi) history, putting various protocols at risk. Radiant is collaborating with U.S. law enforcement and a Web3 cybersecurity firm to freeze the stolen assets and recover funds. In response to this incident, they have instituted stricter transaction verification measures and delays for contract upgrades to enhance security.

Source 🔗