Radiant Capital Suspends Trading in Arbitrum Markets
Lending protocol Radiant Capital has confirmed a security breach in its network, leading to the theft of Ethereum valued at approximately $4.5 million
In a security breach the hacker drained 1,900 Ethereum tokens within six seconds after a new market was activated on the decentralized platform
Radiant has since paused lending and borrowing markets on Arbitrum and reassured investors that no additional funds were currently at risk