In a shocking turn of events, Radiant Capital—a prominent decentralized finance (DeFi) platform—announced a staggering $50 million loss due to a highly sophisticated security breach. The breach, which occurred on October 16, exploited advanced malware, targeting multiple developers' hardware wallets in an unprecedented attack.
The Complex Attack: A New Era of Cyber Threats
The attackers executed their heist using a combination of advanced malware and cunning techniques, infiltrating Radiant’s system during a routine multi-signature adjustment. They leveraged a vulnerability in Safe{Wallet} (also known as Gnosis Safe), where the front-end interface displayed legitimate transaction data while malicious transactions were executed in the background, undetected.
This complex breach occurred while Radiant Capital was adjusting its multi-signature protocols—procedures regularly conducted to adapt to changing market conditions. Despite following strict industry-standard security protocols and conducting thorough simulations on Tenderly to ensure the integrity of each transaction, the attack slipped through multiple layers of defense unnoticed.
A Coordinated Response: Seal911, Hypernative, and FBI Step In
In response, Radiant Capital is working closely with Seal911, Hypernative, and law enforcement, including the FBI, to freeze all stolen assets and track down the attackers. Radiant has also swiftly reinforced its multi-signature controls to prevent future incidents.
While the DAO behind Radiant Capital remains deeply affected, the community is rallying behind the platform, determined to recover the stolen funds and bring the attackers to justice.
A Sobering Lesson for DeFi: Security Must Evolve
This attack highlights the evolving nature of cyber threats in the DeFi space, where even the most secure platforms can fall victim to increasingly sophisticated malware and hacking techniques. As the DeFi sector grows, incidents like this serve as a powerful reminder for all projects to double down on their security efforts, especially when handling large sums of investor capital.
What’s Next for Radiant Capital?
Radiant Capital remains committed to rebuilding trust within the community and securing the future of its platform. With enhanced security measures now in place and the involvement of top-tier cybersecurity teams, the platform is taking decisive steps to strengthen its defenses and ensure that such an attack never happens again.
The investigation is ongoing, and Radiant Capital, along with law enforcement, will leave no stone unturned in their efforts to recover the lost funds and hold the attackers accountable.

Stay vigilant, Binance community—this breach is a reminder of the critical importance of security in the rapidly growing DeFi space. Keep an eye on developments as Radiant Capital works to resolve this attack and further solidify its platform for the future.
#RadiantCapital #DeFiSecurity #Binance #CryptoNews #CyberSecurity

🚨 Breaking: A PEPE token holder has fallen victim to a devastating phishing scam, losing $1.39 million in tokens through a malicious Uniswap Permit2 transaction. This unfortunate incident highlights the growing threat of phishing attacks within the DeFi space, as even experienced users are being caught off guard by sophisticated schemes. Here’s what happened, how it unfolded, and what you need to know to protect yourself.
🔴 Incident Overview
In a tragic turn of events, the victim unknowingly signed an off-chain Permit2 signature, giving attackers full control of their wallet. Within just one hour, the stolen assets—which included PEPE, Microstrategy (MSTR), and Apu (APU) tokens—were transferred to a new wallet. Despite the speed of the theft, the victim had no opportunity to recover their funds, leaving them with massive losses.
This attack was analyzed by ScamSniffer, a cybersecurity firm, which revealed how the sophisticated phishing method works through Uniswap Permit2—a feature that has become both a tool of convenience and a source of risk in the decentralized finance (DeFi) world.
⚠️ What Is Uniswap Permit2?
Uniswap Permit2 was designed to streamline the process of token approvals by allowing off-chain authorizations to save on gas fees. This innovation was initially praised for its efficiency but has inadvertently opened up a vulnerability that cybercriminals are now exploiting. By leveraging the off-chain signature process, attackers can manipulate users into signing away control of their wallets, with devastating consequences.
🚫 How the Attack Works
1. Phishing Websites and Fake dApps: The attacker sets up a fraudulent platform or dApp that tricks users into signing a malicious off-chain Permit2 signature.
2. Hidden Threat: The off-chain signature appears harmless at first glance, but it secretly grants attackers the ability to perform both Permit and Transfer From actions on the victim's wallet.
3. Wallet Drained: By the time the victim realizes what has happened, it's already too late. The stolen assets are transferred in one swift transaction, leaving no trace until the funds are gone.
🔍 Why This Type of Attack Is Dangerous
Single Point of Failure: One simple off-chain signature can give attackers full access to your wallet, leaving all of your assets vulnerable.
Default Full Access: Permit2 approvals typically apply to the entire token balance, unless specifically limited. This makes it easy for attackers to steal everything in a single move.
Rising Trend: Permit2-based phishing attacks are on the rise, catching even seasoned DeFi users off guard. As this method gains popularity among attackers, the risks are only growing.
📊 The Broader Issue in DeFi
This attack is just one of many phishing scams affecting the crypto space. In the past month alone, over $38 million has been stolen through similar Permit2-based schemes. A CertiK report on Web3 security revealed that phishing and private key compromises have been major contributors to the $343 million in crypto losses this year. These figures highlight an urgent need for users to be more cautious when interacting with DeFi platforms and off-chain transactions.
🔐 How to Protect Your Crypto Assets
Double-Check Permissions: Always carefully review the approvals you grant, especially for off-chain transactions. Ensure you understand the potential consequences before signing anything.
Use Secure Wallets: Choose wallets with advanced security features, such as multi-signature options and regular permission reviews.
Stay Informed: Follow updates on the latest phishing schemes and malicious dApps. Avoid interacting with unfamiliar links, websites, or platforms that haven’t been verified.
👉 Follow Us for Security Updates
In the fast-moving world of DeFi, staying informed and vigilant is essential. Phishing tactics are evolving, but by following the right security practices, you can protect your crypto assets from falling into the wrong hands.
#StaySafe #TrumpDeFi #MemeCoinTrending #DeFiSecurity #ProtectYourCrypto $PEPE