• bitcoinBitcoin (BTC) $ 62,021.00
  • ethereumEthereum (ETH) $ 3,423.02
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 411.32
  • solanaSolana (SOL) $ 129.85
  • xrpXRP (XRP) $ 0.631215
  • staked-etherLido Staked Ether (STETH) $ 3,416.87
  • usd-coinUSDC (USDC) $ 0.999621
  • cardanoCardano (ADA) $ 0.730904
  • dogecoinDogecoin (DOGE) $ 0.139045
  • avalanche-2Avalanche (AVAX) $ 43.42
  • shiba-inuShiba Inu (SHIB) $ 0.000021
  • tronTRON (TRX) $ 0.141160
  • chainlinkChainlink (LINK) $ 21.07
  • polkadotPolkadot (DOT) $ 9.20
  • matic-networkPolygon (MATIC) $ 1.10
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 62,011.00
  • bitcoin-cashBitcoin Cash (BCH) $ 489.99
  • uniswapUniswap (UNI) $ 12.52
  • the-open-networkToncoin (TON) $ 2.69
  • litecoinLitecoin (LTC) $ 92.19
  • internet-computerInternet Computer (ICP) $ 13.57
  • daiDai (DAI) $ 1.00
  • ethereum-classicEthereum Classic (ETC) $ 34.32
  • filecoinFilecoin (FIL) $ 9.16
  • cosmosCosmos Hub (ATOM) $ 12.05
  • immutable-xImmutable (IMX) $ 3.30
  • leo-tokenLEO Token (LEO) $ 4.80
  • nearNEAR Protocol (NEAR) $ 4.25
  • aptosAptos (APT) $ 11.91
  • blockstackStacks (STX) $ 2.95
  • optimismOptimism (OP) $ 4.13
  • bittensorBittensor (TAO) $ 636.59
  • stellarStellar (XLM) $ 0.137107
  • crypto-com-chainCronos (CRO) $ 0.148253
  • hedera-hashgraphHedera (HBAR) $ 0.113847
  • kaspaKaspa (KAS) $ 0.167809
  • injective-protocolInjective (INJ) $ 41.92
  • vechainVeChain (VET) $ 0.049299
  • okbOKB (OKB) $ 58.62
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998447
  • the-graphThe Graph (GRT) $ 0.325703
  • lido-daoLido DAO (LDO) $ 3.42
  • render-tokenRender (RNDR) $ 7.77
  • mantleMantle (MNT) $ 0.897161
  • celestiaCelestia (TIA) $ 16.58
  • moneroMonero (XMR) $ 150.50
  • arbitrumArbitrum (ARB) $ 2.13
  • theta-tokenTheta Network (THETA) $ 2.36
  • bitcoin-svBitcoin SV (BSV) $ 120.24
  • sei-networkSei (SEI) $ 0.864195
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,768.10
  • suiSui (SUI) $ 1.61
  • makerMaker (MKR) $ 2,113.59
  • algorandAlgorand (ALGO) $ 0.241498
  • arweaveArweave (AR) $ 29.45
  • fetch-aiFetch.ai (FET) $ 1.83
  • quant-networkQuant (QNT) $ 128.78
  • elrond-erd-2MultiversX (EGLD) $ 69.78
  • beam-2Beam (BEAM) $ 0.034954
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,510.42
  • flowFlow (FLOW) $ 1.18
  • thorchainTHORChain (RUNE) $ 5.76
  • pepePepe (PEPE) $ 0.000004
  • aaveAave (AAVE) $ 114.71
  • dogwifcoindogwifhat (WIF) $ 1.68
  • ordinalsORDI (ORDI) $ 78.09
  • flare-networksFlare (FLR) $ 0.046238
  • dydx-chaindYdX (DYDX) $ 3.73
  • galaGALA (GALA) $ 0.045701
  • bonkBonk (BONK) $ 0.000023
  • the-sandboxThe Sandbox (SAND) $ 0.678768
  • mina-protocolMina Protocol (MINA) $ 1.41
  • axie-infinityAxie Infinity (AXS) $ 10.77
  • fantomFantom (FTM) $ 0.531219
  • havvenSynthetix Network (SNX) $ 4.51
  • bittorrentBitTorrent (BTT) $ 0.000001
  • chilizChiliz (CHZ) $ 0.156575
  • starknetStarknet (STRK) $ 1.89
  • apecoinApeCoin (APE) $ 2.28
  • bitget-tokenBitget Token (BGB) $ 0.942593
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000062
  • corgiaiCorgiAI (CORGIAI) $ 0.004159
  • flokiFLOKI (FLOKI) $ 0.000131
  • true-usdTrueUSD (TUSD) $ 1.00
  • axelarAxelar (AXL) $ 2.19
  • tezosTezos (XTZ) $ 1.39
  • heliumHelium (HNT) $ 8.71
  • tokenize-xchangeTokenize Xchange (TKX) $ 15.51
  • decentralandDecentraland (MANA) $ 0.666590
  • kucoin-sharesKuCoin (KCS) $ 12.91
  • eosEOS (EOS) $ 1.06
  • worldcoin-wldWorldcoin (WLD) $ 8.40
  • singularitynetSingularityNET (AGIX) $ 0.925545
  • whitebitWhiteBIT Coin (WBT) $ 8.19
  • neoNEO (NEO) $ 16.64
  • dydxdYdX (ETHDYDX) $ 3.74
  • oasis-networkOasis Network (ROSE) $ 0.166746
  • blurBlur (BLUR) $ 0.743732
  • akash-networkAkash Network (AKT) $ 4.60
  • pyth-networkPyth Network (PYTH) $ 0.704608
  • klay-tokenKlaytn (KLAY) $ 0.301692
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000179
  • jasmycoinJasmyCoin (JASMY) $ 0.021160
  • gnosisGnosis (GNO) $ 398.32
  • kavaKava (KAVA) $ 0.954275
  • conflux-tokenConflux (CFX) $ 0.275953
  • frax-etherFrax Ether (FRXETH) $ 3,407.56
  • cheeleeCheelee (CHEEL) $ 17.88
  • iotaIOTA (IOTA) $ 0.325088
  • osmosisOsmosis (OSMO) $ 1.60
  • woo-networkWOO (WOO) $ 0.535169
  • wemix-tokenWEMIX (WEMIX) $ 2.64
  • astarAstar (ASTR) $ 0.167457
  • dymensionDymension (DYM) $ 6.27
  • ecasheCash (XEC) $ 0.000045
  • roninRonin (RON) $ 2.95
  • msolMarinade staked SOL (MSOL) $ 151.76
  • swethSwell Ethereum (SWETH) $ 3,534.29
  • jupiter-exchange-solanaJupiter (JUP) $ 0.612356
  • pancakeswap-tokenPancakeSwap (CAKE) $ 3.36
  • illuviumIlluvium (ILV) $ 125.17
  • nexoNEXO (NEXO) $ 1.39
  • curve-dao-tokenCurve DAO (CRV) $ 0.682906
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,679.12
  • manta-networkManta Network (MANTA) $ 2.97
  • gatechain-tokenGate (GT) $ 5.51
  • usddUSDD (USDD) $ 0.999151
  • ribbon-financeRibbon Finance (RBN) $ 0.783577
  • enjincoinEnjin Coin (ENJ) $ 0.511714
  • holotokenHolo (HOT) $ 0.004013
  • ethereum-name-serviceEthereum Name Service (ENS) $ 22.77
  • frax-shareFrax Share (FXS) $ 9.06
  • ondo-financeOndo (ONDO) $ 0.475960
  • nervos-networkNervos Network (CKB) $ 0.015817
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • superfarmSuperVerse (SUPER) $ 1.47
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,627.98
  • bitcoin-goldBitcoin Gold (BTG) $ 38.60
  • coredaoorgCore (CORE) $ 0.759518
  • 1inch1inch (1INCH) $ 0.576842
  • xdce-crowd-saleXDC Network (XDC) $ 0.046186
  • fraxFrax (FRAX) $ 0.995250
  • golemGolem (GLM) $ 0.619057
  • rocket-poolRocket Pool (RPL) $ 31.76
  • ocean-protocolOcean Protocol (OCEAN) $ 1.05
  • compound-governance-tokenCompound (COMP) $ 91.54
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.49
  • celoCelo (CELO) $ 1.16
  • lido-staked-solLido Staked SOL (STSOL) $ 151.15
  • iotexIoTeX (IOTX) $ 0.061486
  • metis-tokenMetis (METIS) $ 108.48
  • stepnGMT (GMT) $ 0.325927
  • terra-luna-2Terra (LUNA) $ 0.846015
  • zetachainZetaChain (ZETA) $ 2.36
  • skaleSKALE (SKL) $ 0.108167
  • altlayerAltLayer (ALT) $ 0.516091
  • siacoinSiacoin (SC) $ 0.009793
  • apenftAPENFT (NFT) $ 0.00000056
  • gmxGMX (GMX) $ 58.13
  • zilliqaZilliqa (ZIL) $ 0.030678
  • fasttokenFasttoken (FTN) $ 1.74
  • echelon-primeEchelon Prime (PRIME) $ 14.93
  • casper-networkCasper Network (CSPR) $ 0.045092
  • arkhamArkham (ARKM) $ 2.64
  • theta-fuelTheta Fuel (TFUEL) $ 0.080166
  • tether-goldTether Gold (XAUT) $ 2,074.19
  • kujiraKujira (KUJI) $ 4.16
  • chiaChia (XCH) $ 50.60
  • zcashZcash (ZEC) $ 32.89
  • aelfaelf (ELF) $ 0.706976
  • kusamaKusama (KSM) $ 53.98
  • gasGas (GAS) $ 7.34
  • origintrailOriginTrail (TRAC) $ 1.24
  • compound-wrapped-btccWBTC (CWBTC) $ 1,243.55
  • basic-attention-tokenBasic Attention (BAT) $ 0.315317
  • radixRadix (XRD) $ 0.045041
  • mask-networkMask Network (MASK) $ 4.86
  • compound-ethercETH (CETH) $ 68.83
  • livepeerLivepeer (LPT) $ 14.68
  • dashDash (DASH) $ 38.18
  • desoDecentralized Social (DESO) $ 41.69
  • qtumQtum (QTUM) $ 4.16
  • pixelsPixels (PIXEL) $ 0.565393
  • stader-ethxStader ETHx (ETHX) $ 3,478.27
  • nosanaNosana (NOS) $ 5.08
  • moonbeamMoonbeam (GLMR) $ 0.505357
  • nemNEM (XEM) $ 0.046092
  • convex-financeConvex Finance (CVX) $ 5.02
  • api3API3 (API3) $ 3.92
  • ethereum-pow-iouEthereumPoW (ETHW) $ 3.78
  • loopringLoopring (LRC) $ 0.326865
  • neutron-3Neutron (NTRN) $ 1.47
  • strideStride (STRD) $ 4.53
  • magaMAGA (TRUMP) $ 8.28
  • aleph-zeroAleph Zero (AZERO) $ 1.30
  • decredDecred (DCR) $ 25.02
  • pax-goldPAX Gold (PAXG) $ 2,029.84
  • ankrAnkr Network (ANKR) $ 0.039540
  • memecoin-2Memecoin (MEME) $ 0.041217

Radiant Capital Resumes Arbitrum Markets Operations After Security Breach

0 32

Radiant Capital Resumes Arbitrum Markets Operations After Security Breach

  cryptonews.com 05 January 2024 10:31, UTC

Radiant Capital Resumes Arbitrum Markets Operations After Security Breach

Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission.

Radiant Capital has announced the reopening of its lending and borrowing markets on Arbitrum after an extensive security review.

According to Radiant Capital’s recent post, this resumption came after a detailed review and resolution of the security breach that resulted in a significant loss of $4.5 million Ethereum. The review was completed by OpenZeppelin, independent Ethereum researchers, and white hats.

Following this rigorous analysis, the Radiant DAO Council unpaused market operations. Additional safeguards have been implemented to prevent similar incidents in the future, with a focus on enhanced security protocols.

Security Analysis and Resolution

“Users are free to use all available lending and borrowing markets,” said Radiant Capital in the announcement. “Native USDC will be brought live over the coming days after additional reviews due to the increased complexity of doing so safely.”

To address any potential financial discrepancies arising from the pause, the company disclosed plans for a Snapshot proposal. “A Snapshot proposal for the DAO regarding the methodology to repay the excess debt and fully recapitalize the Arbitrum WETH market will go up for a vote shortly,” said Radiant Capital

“The liquidation bonus will initially be set to 1bps (lowest it can be set) to allow for a grace period for users to improve health scores,” wrote the post. This measure intended to provide users with time to adjust to the resumed operations, before gradually returning to normal levels over the next 24 hours.

We again wish to thank @HypernativeLabs for first bringing this exploit to our attention. There was a Herculean response from the White Hat community to ensure Radiant continues to operate safely. 🧵9/10

— Radiant Capital (@RDNTCapital) January 5, 2024

Based on an analysis by Chaos Labs, Radiant Capital stated that the total collateral at risk of liquidation was smaller than $100,000, and the impact of it could be minimalized by the 1bps bonys.

Radiant Capital Hacked with $4.5 Million Ethereum Loss

The blockchain security company PeckShield Inc. revealed that a hacker breached the network and drained 1,900 Ethereum tokens within six seconds after the new USDC market deployment.

“The root cause is not new: It basically exploits a time window when a new market is activated in a lending market (forked from the popular Compound/Aave),” said PeckShield. “The exploitation also relies on a known rounding issue in current Compound/Aave codebase.”

Radiant Capital also confirmed the hack in their official post and temporarily closed the Arbitrum markets.

Source

Leave A Reply

Your email address will not be published.