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Cryptopolitan 2024-01-03 06:12:29

Exploit halts cross-chain lending on Radiant Capital’s Arbitrum platform

Radiant Capital, a prominent cross-chain lending protocol, has temporarily suspended its lending and borrowing markets on the Arbitrum blockchain due to a substantial security breach. Reports indicate that a flash loan attack resulted in the unauthorized withdrawal of approximately $4.5 million in Ether from one of its newly established USDC Coin (USDC) markets. Radiant Capital

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