📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
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🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
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$4.5 Million Ethereum Stolen on DeFi Platform Arbitrum: Explained _! - Coin Newsletter
Cross-chain lending protocol Radiant Capital (RDNT) suffered a hack, in which millions of dollars worth of assets were stolen.
The cryptocurrency market started the new year with hacking cases. According to a report from blockchain security firm PeckShield in the early hours of Jan. 3, Radiant Capital lost 1,900 Ethereum (ETH)** worth $4.5 million due to a bug in the codebase linked to Arbitrum (ARB).
In a statement made by the team, it was stated that lending and barrow activities on Arbitrum have been suspended. However, it was emphasized that the available funds are safe:
On the first day of the new year, there was another cyber attack worth $81 million on Orbit Chain (ORC) and more than one cryptocurrency was affected by this attack.
According to CoinGecko data, the RDNT, which experienced a small 3% pullback after the news of the hack, managed to collect quickly. The RDNT, which has gained 1% in the last 24 hours, is trading at $0.328 at the time of writing.