Radiant Capital suffers MAJOR hack linked to North Korea’s CYBER actors

Radiant capital hacked for $50 million: Radiant Capital faced a massive breach in October, with $50 million stolen by North Korean hackers. These actors impersonated an ex-contractor to infiltrate the system using malware delivered via Telegram, a messaging platform often used for professional communications.

Attack used zip file with malware: The breach exploited a zip file sent over Telegram, masquerading as a routine project review document. This file contained malware that infiltrated multiple developer devices, leading to unauthorized access while appearing benign to traditional security protocols.

Impact on radiant’s total value locked: Following the attack, Radiant Capital’s total value locked dropped drastically. From over $300 million at the start of the year, it plummeted to just $5.81 million by December. This showcases the significant impact of such cybersecurity breaches on decentralized finance platforms.