Radiant Capital Hack Causes Major Losses

Radiant Capital, a well-known DeFi lending protocol, has suffered a major security breach leading to millions in losses. Hackers exploited a vulnerability in the platform’s smart contracts, draining funds from user deposits in a matter of minutes.

The attack was quickly detected, and Radiant Capital paused its services to prevent further damage. Security experts are now investigating the exploit, and the team has assured users that they are working on a recovery plan.

While details on exact losses and compensation remain limited, this incident is a stark reminder of the risks in decentralized finance. Users are urged to stay updated on official announcements before interacting with the platform again.