Radiant Capital Halts Arbitrum Markets After $4.5M Flash Loan Attack
Blockchain security companies said THE issue was cause by A "known round issue" In THE codebase.
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Cross chain ready protocol Radiant Capital has on break It is ready And loan markets on Arbitration After receive reports of A $4.5 million exploit affecting A of It is newly created USDC Piece of money (USDC) markets.
"Today, We received A report of A issue with THE newly created native USDC walk on Referee,” said Radiant In A Jan. 3 job on X (Previously Twitter), which they added was later valid by Radiant developers And THE wider cyber security community.
Today, We received A report of A issue with THE newly created native USDC walk on Arbitrator. After validation by Radiant developers And THE wider the Web 3 security community, THE Radiant DAO Advice on break loan/borrow markets on Arbitration temporarily while This is…
— Radiant Capital (@RDNTCapital) January 3, 2024Blockchain security farm Beosin describe THE exploit as A flash ready attack — with THE attacker operator A "round issue" In THE code base, "which directed has A cumulative precision error. »
This Ultimately allowed THE "attacker has profit through say again deposit() And withdraw() operations”, he wrote In A Jan. 3 job on X.
A earlier Jan. 2 job Since Peck Shield Also identified THE issue as cause by A "known round issue" In THE current Compound/Aave codebase.
"THE root cause East not new: He basically Exploits A time window When A new walk East activated In A ready walk (bifurcation Since THE popular Compound/Aave), » he added.
Radiant Capital @RDNTCapital was below A flash ready attack with A loss of $4.5 million.Forward:
Blockchain security companies said THE issue was cause by A "known round issue" In THE codebase.
News
Join
We
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social
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Cross chain ready protocol Radiant Capital has on break It is ready And loan markets on Arbitration After receive reports of A $4.5 million exploit affecting A of It is newly created USDC Piece of money (USDC) markets.
"Today, We received A report of A issue with THE newly created native USDC walk on Referee,” said Radiant In A Jan. 3 job on X (Previously Twitter), which they added was later valid by Radiant developers And THE wider cyber security community.
Today, We received A report of A issue with THE newly created native USDC walk on Arbitrator. After validation by Radiant developers And THE wider the Web 3 security community, THE Radiant DAO Advice on break loan/borrow markets on Arbitration temporarily while This is…
— Radiant Capital (@RDNTCapital) January 3, 2024Blockchain security farm Beosin describe THE exploit as A flash ready attack — with THE attacker operator A "round issue" In THE code base, "which directed has A cumulative precision error. »
This Ultimately allowed THE "attacker has profit through say again deposit() And withdraw() operations”, he wrote In A Jan. 3 job on X.
A earlier Jan. 2 job Since Peck Shield Also identified THE issue as cause by A "known round issue" In THE current Compound/Aave codebase.
"THE root cause East not new: He basically Exploits A time window When A new walk East activated In A ready walk (bifurcation Since THE popular Compound/Aave), » he added.
Radiant Capital @RDNTCapital was below A flash ready attack with A loss of $4.5 million.Forward:
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