Radiant

DeFi

Radiant Capital

Security

<ul class="wp-block-list">
 <li>Ancilla mistakenly shared a wallet drainer link during the $52M Radiant Capital exploit.</li>  
 <li>Radiant Capital lost $51.5M after hackers altered its smart contracts.</li>  
 <li>Hackers gained access to Radiant’s multi-signature wallet, exploiting three private keys.</li> 
</ul>  
<p>A $52 million exploit hit the DeFi lending protocol Radiant Capital. Afterwards, security firm Ancilia did nothing but worsen this situation by sharing a wallet drainer link with them, mistakenly sending victims to a scam site instead of offering help.&nbsp;</p>  
<p>Compromising the protocol's intelligent contracts onto BNB Chain and Arbitrum, the attackers requested users to revoke permissions, protecting their remaining assets. Ancilia's misguided post only led users to a phishing link, increasing the confusion and risk.</p>  
<h2 class="wp-block-heading" id="h-security-error-compounds-radiant-hack"><strong>Security Error Compounds Radiant Hack</strong></h2>  
<p>After the breach, <a href="https://x.com/PopPunkOnChain/status/1846620579618869544" target="_blank" rel="noopener noreferrer nofollow">Radiant Capital</a> users turned to crypto security firms for advice on protecting their funds. One of the first to report the exploit was Ancilia, who shared a helpful link to allow users to revoke permissions belonging to the exploited contracts.&nbsp;</p>  
<p>Nevertheless, this redirected victims to a malicious wallet drainer wallet scam meant to steal even more funds. The error resulted from Ancilia reposting content from an impersonator account that mimicked Radiant Capital’s official X (formerly Twitter) account.</p>  
<p>Earlier, the attackers were behind a Radiant hack and had rewritten the protocol’s smart contracts, exploiting the 'transferFrom' function. This allowed them to ‘unlock’ $515 million of digital assets like USDC, WBNB, and ETH. Since there were Radiant Capital users, the advice was revoked. Cash is a legitimate service that disconnects their wallets from compromised contracts and prevents future losses.</p>  
<h2 class="wp-block-heading" id="h-community-backlash-and-response"><strong>Community Backlash and Response</strong></h2>  
<p>Crypto community members quickly called out Ancilia’s mistake and the firm's negligence. They warned that trusted security firms might inadvertently boost scam links in a crisis. Ancilla deleted the post and apologized, saying that the official Radiant Capital account should always be where to find information first.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/De_FiSecurity/status/1846624940440572405
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<p>Crypto community members quickly called out Ancilia’s mistake and the firm's negligence. They warned that trusted security firms might inadvertently boost scam links in a crisis. Ancilla deleted the post and apologized, saying that the official Radiant Capital account should always be where to find information first.</p>  
<p>The latest scam targets raised concerns over the security of the Radiant Capital platform, which was exploited twice in 2024. In January, hackers used a flash loan attack to steal $45 million from the protocol. After the most recent breach, Radiant worked with several security firms to investigate what happened and to help prevent such exploits from happening again.</p> 
<p>The post <a href="https://cryptonewsland.com/crypto-security-firm-mistakenly-shares-drainer-link-in-radiant-capital-hack/" rel="noopener noreferrer nofollow">Crypto Security Firm Mistakenly Shares Drainer Link in Radiant Capital Hack</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Crypto Security Firm Mistakenly Shares Drainer Link in Radiant Capital Hack

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