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Source: Radiant Capital Radiant Capital , a decentralised finance (DeFi) lending and borrowing platform, was targeted in a major exploit on 16 October 2024, resulting in the loss of approximately $50 million. The attack affected its operations on both the BNB Chain and Arbitrum instances, shaking confidence in the protocol’s security measures. This event is the latest in a series of high-profile hacks that have plagued the DeFi sector, raising concerns about the robustness of blockchain security. PSA: Radiant finance is being exploited live. Withdraw your fund and revoke approvals. Seems like their 3/11 multisig got compromised, ownership transferred and then rekt. Another key management failure. — Mudit Gupta (@Mudit__Gupta) October 16, 2024 Exploit Mechanics: How the Attack Unfolded The attackers leveraged vulnerabilities in Radiant Capital’s smart contracts, particularly those governing liquidity and lending pools. According to reports, the breac...

New data blockchain explorer Blockchair reveals that a hacker took advantage of an exploit in Dogecoin’s (DOGE) blockchain, causing the majority of its nodes to crash. Earlier this week, a Dogecoin monitoring platform noticed that the number of DOGE nodes dipped from 647 to just 205, a decrease of about 69%. “Our monitoring made us aware that the vulnerability appears to have been exploited, and almost 69% of the Dogecoin network has crashed. Blockchair shows the number of public nodes. Before, it was 647, and at the time of writing it is just 205.” However, according to Blockchair, some DOGE nodes have since recovered as there are currently 331 active nodes around the world at time of writing. In a recent thread on the social media platform X, Bitcoin (BTC) sidechain developer Andreas Kohl says that he was the one who took down most of the DOGE network using an old laptop. “I used a publicly disclosed vulnerability [by BTC developer Tobi...

According to CertiK, the TIME token was exploited recently, resulting in a loss of approximately $188k.  The attack began with the exploiter converting 5 ETH to Wrapped Ether (WETH), and then trading this for over 3.4 billion TIME tokens. CertiK analysts reported that the exploit ’s root cause was the manipulation of the Forwarder contract , which is designed to execute transactions from any address. The attacker crafted a request with a falsified sender address, which they controlled, and a matching signature. This deceptive req passed the Forwarder contract ’s verification process. #CertiKSkynetAlert TIME Token was exploit ed for ~ $188k due to a recently disclosed vulnerability around ERC2771 and Multicall See our in-depth Analysis on the TIME exploit belowhttps://t.co/NF8UPcRPfQ https://t.co/MGDnmFd56d — CertiK Alert (@CertiKAlert) December 8, 2023 The attacker leveraged a parsing error, where the TIME contract was deceived into recognizing an attacker-con...

A crypto wallet suspected to be tied to the exploit shows it gained over $1 million in SOL and UDSC since the attack. Solana-based decentralized futures exchange Cypher Protocol halted its smart contract after an estimated $1 million exploit . On Aug. 7, Cypher alerted its 13,500 followers on X (formerly known as Twitter) that it had experienced a security incident and had thus frozen its smart contract. The team added it is investigating the cause of the exploit and has reached out to the hacker to negotiate a potential return of stolen funds. Cypher has has experienced an exploit/security incident. The smart contract has been frozen. The team is currently working with individuals and investigating To the hacker: We are writing to see whether you would be open to speaking with us about any potential next steps. — cypher ️ (@cypher_protocol) August 7, 2023 According to data from Solana blockchain explorer Solscan, the wallet suspected to be tied to the exploit stole approx...