Radiant Capital hacker moves $52M in stolen funds
Nearly all of the stolen loot from Radiant Capital has been moved to the Ethereum network, which usually isn’t a good sign for those hoping for recovery.
The hacker behind the recent theft from decentralized finance (DeFi) protocol Radiant Capital has moved almost all of the stolen funds from layer-2 protocols to Ethereum in a possible move toward obscuring its location.
On Oct. 24, blockchain security firm PeckShield reported that addresses linked to the Radiant Capital exploiter have bridged “nearly all” of the ill-gotten crypto from the exploit from layer-2 network Arbitrum and the Binance BNB Chain to the Ethereum network.
The total amount moved was about 20,500 Ether (ETH) worth around $52 million, PeckShield noted.
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Author: Martin Young
