Radiant Capital to wind down after $50 million North Korea-linked hack

Radiant Capital enters wind-down after a $50M exploit, with TVL falling to $2.21M and market cap dropping below $2M. Radiant Capital is moving into a wind-down phase after months of failed recovery work following its October 2024 exploit. The DAO said it lacks recovered funds, new capital, and enough runway to keep operating responsibly, while […] The post $50M Hack Breaks Radiant Capital: Why the DAO Is Now Winding Down appeared first on Live Bitcoin News.

Radiant Capital (RDNT), a decentralized finance lending protocol, announced Monday it is shutting down, nearly two years after hackers drained $50 million from the platform in a sophisticated malware attack. The protocol, which operated cross-chain lending across multiple networks, was compromised in October 2024 when attackers used a “highly advanced malware injection” to breach multiple […] The post DeFi Platform Radiant Capital Shutting Down Following $50,000,000 Hack appeared first on The Daily Hodl.

Code vulnerabilities were responsible for the bulk of the damage in May — roughly 66% of the month’s total losses, or about $45 million. That breakdown, drawn from data released by blockchain security firm CertiK, came alongside broader figures showing that overall crypto exploit losses fell to $68 million last month, down sharply from $650 […]

The cross-chain lender that once held more than $300M in deposits now has $2.21M in total value locked, a sub-$2M market cap, and no remaining major-exchange listing — the slow end-state of an October 2024 exploit Mandiant traced to North Korea.

Co-founder Martin Köppelmann said the company will make all users whole after attackers exploited the smart-contract module that governs Gnosis Pay card accounts. No loss figure has been disclosed.

Gnosis Pay faces an active exploit in its delay module as co‑founder Martin Köppelmann walks back a warning urging users to withdraw funds and vows to repay those affected.

CertiK says May is the third month so far in 2026 to record crypto losses under $100 million.

The post Gravity Bridge Loses $5,4M in Suspected Key Compromise Attack appeared on BitcoinEthereumNews.com. According to blockchain security researchers, the incident may have been caused by a compromised contract key, which allowed an attacker to withdraw millions in USDC, WETH, USDT, and PAXG. After the exploit, the Gravity Bridge team halted bridge operations and instructed validators to stop their validators and orchestrators while the incident is investigated. Hackers Steal $5.4M From Gravity Bridge Gravity Bridge, a decentralized cross-chain protocol that enables asset transfers between the Ethereum and Cosmos ecosystems, suffered a major security incident that resulted in the loss of approximately $5.4 million worth of digital assets. The exploit was first identified by on-chain analyst Specter, who reported unusual outflows from the protocol and suggested that the bridge’s contract key may have been compromised. According to Specter, the suspected compromise allowed an attacker