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Radiant Capital says North Korea posed as ex-contractor to carry out $50M hack

A North Korean threat actor was behind the $50 million attack on Radiant Capital in October and spoofed being an ex-contractor, the DeFi platform said.

Radiant Capital has said a $50 million hack on its decentralized finance (DeFi) platform in October was carried out through malware sent via Telegram from a North Korea-aligned hacker posing as an ex-contractor.

Radiant said in a Dec. 6 update of the ongoing investigation that its contracted cybersecurity firm Mandiant has assessed “with high-confidence that this attack is attributable to a Democratic People’s Republic of Korea (DPRK)-nexus threat actor.”

The platform said a Radiant developer received a Telegram message with a zip file from a “trusted former contractor” on Sept. 11 asking for feedback on a new endeavor they were planning.

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Binance Says It Protects Over .4 Billion From Crypto Scams This YearCrypto exchange Binance says it has protected over $2.4 billion from scams and fraudulent activities this year, safeguarding more than 1.2 million users worldwide. The exchange’s AI-driven and manual risk management system identified and blocked suspicious transactions, particularly during crypto withdrawals, where $1.1 billion in scam-related activities were thwarted, Binance explained. $2.4 Billion Saved, Says […]

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1inch Network Launches Hardware Wallet for Storing Users’ Private Keys in a Secure Offline Setting

1inch Network Launches Hardware Wallet for Storing Users’ Private Keys in a Secure Offline SettingThe decentralized exchange aggregation service 1inch Network has announced the launch of a cold storage hardware wallet. The team notes that the project is in its final stages of development. The hardware wallet, expected to go on sale later this year, features a 2.7-inch e-ink grayscale touch display and it does not require a wired […]

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