{"id":448789,"date":"2024-10-18T14:20:45","date_gmt":"2024-10-18T13:20:45","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=448789"},"modified":"2024-10-18T17:08:11","modified_gmt":"2024-10-18T16:08:11","slug":"radiant-capital-teams-with-us-law-enforcement-after-50m-defi-hack","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/radiant-capital-teams-with-us-law-enforcement-after-50m-defi-hack\/","title":{"rendered":"Radiant Capital teams with US law enforcement after $50M DeFi hack"},"content":{"rendered":"<p><a href=\"https:\/\/cryptoslate.com\/coins\/radiant-capital\/\">Radiant Capital<\/a>, a leading DeFi platform, has announced an ongoing collaboration with US law enforcement and Web3 security experts to recover over <a href=\"https:\/\/cryptoslate.com\/defi-protocol-radiant-capital-loses-48-million-in-second-exploit-this-year\/\">$50 million stolen<\/a> in a recent hack.<\/p>\n<p>In a detailed <a href=\"https:\/\/medium.com\/@RadiantCapital\/radiant-post-mortem-fecd6cd38081\">report<\/a> released on Oct. 18, Radiant described the breach as one of the most complex hacks ever seen in DeFi. The team also warned that similar vulnerabilities could affect other protocols.<\/p>\n<h2>Post-mortem report<\/h2>\n<p>According to the report, the attackers used sophisticated malware to compromise the hardware wallets of at least three developers.<\/p>\n<p>Radiant Capital claimed that the malware compromised the devices in a way that the front-end of Safe{Wallet} (f.k.a. Gnosis Safe) displayed legitimate transaction data while malicious transactions were signed and executed in the background.<\/p>\n<p>Notably, the attack coincided with Radiant's regular emissions adjustment process to respond to shifting market conditions. Despite thorough security checks, including manual reviews and Tenderly simulations, no suspicious activity was flagged during the process.<\/p>\n<p>However, the incident's stealth was particularly alarming. The attackers mimicked typical transaction errors to gather multiple signatures undetected. Once they had the necessary signatures, they executed the &#8220;transferOwnership&#8221; function, seizing control of Radiant's lending pools.<\/p>\n<p>The exploit targeted both Binance Smart Chain (BSC) and <a href=\"https:\/\/cryptoslate.com\/coins\/arbitrum\/\">Arbitrum<\/a> networks, allowing the attackers to manipulate the &#8220;transferFrom&#8221; function within the smart contracts. This enabled them to drain funds from users who had previously granted permission to Radiant's lending pools.<\/p>\n<p>Meanwhile, Safe{Wallet} has rejected any assertions that its interface was compromised during the attack. A spokesperson for the firm told <em>CryptoSlate\u00a0<\/em>that the incident &#8220;stemmed from a blind signing error.&#8221;<\/p>\n<p><span data-offset-key=\"ce6c-0-0\">On social media platform <a href=\"https:\/\/x.com\/safe\/status\/1847253904246878553\">X<\/a>, Safe{Wallet} stated that its front-end functioned as expected during the incident. According to the firm, The <\/span><span data-offset-key=\"ce6c-0-1\">Safe{Wallet} interface remained uncompromised<\/span><span data-offset-key=\"ce6c-0-2\">, and a valid transaction was created using the Transaction Builder. <\/span><\/p>\n<h2>Radiant Capital's response<\/h2>\n<p>As part of their immediate security overhaul, the team has generated new cold wallet addresses for each team member using a secure, uncompromised device.<\/p>\n<p>Additionally, security around Radiant's Admin and DAO <a href=\"https:\/\/cryptoslate.com\/glossary\/multisig\/\">multisig<\/a> wallets has been tightened. The number of signers was reduced to seven, with a new rule requiring four out of seven signatures to approve any transaction. This change ensures that 60% of signers must validate any transaction before it proceeds.<\/p>\n<p>Further, to protect against future attacks, all contract updates and ownership transfers will now be delayed by at least 72 hours. This delay, enforced by timelock contracts, provides both the Radiant community and its developers ample time to review any proposed changes before they take effect.<\/p>\n<p>Radiant Capital also outlined measures to help safeguard other protocols from similar threats. These include adopting more stringent signature verification processes, using separate devices to check transaction data, avoiding blind signing of critical transactions, and implementing audits triggered by error messages to catch vulnerabilities early.<\/p>\n<p><em>**Editor\u2019s Note** Updated to include statements from Safe{Wallet}.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Radiant Capital, a leading DeFi platform, has announced an ongoing collaboration with US law enforcement and Web3 security experts to recover over $50 million stolen in a recent hack. In a detailed report released on Oct. 18, Radiant described the breach as one of the most complex hacks ever seen in DeFi. The team also [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":448798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16041],"tags":[75597,79216],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Radiant Capital teams with US law enforcement after $50M DeFi hack<\/title>\n<meta name=\"description\" content=\"After $50 million theft, DeFi platform Radiant Capital strengthens defenses and collaborates with authorities.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/radiant-capital-teams-with-us-law-enforcement-after-50m-defi-hack\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Radiant Capital teams with US law enforcement after $50M DeFi hack\" \/>\n<meta property=\"og:description\" content=\"After $50 million theft, DeFi platform Radiant Capital strengthens defenses and collaborates with authorities.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/radiant-capital-teams-with-us-law-enforcement-after-50m-defi-hack\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-18T13:20:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-18T16:08:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/10\/hack.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/radiant-capital-teams-with-us-law-enforcement-after-50m-defi-hack\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/radiant-capital-teams-with-us-law-enforcement-after-50m-defi-hack\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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