Radiant Capital’s USDC Market: $4.5M ETH Drained in Flash Loan Attack

Cross-chain lending protocol Radiant Capital has suffered a flash loan attack, resulting in the theft of $4.5 million worth of Ethereum. The hacker exploited a rounding issue in the codebase to drain the funds from the lending protocol. Radiant Capital has temporarily suspended its lending and borrowing markets on Arbitrum as it investigates the incident. The protocol has reassured its users that their current funds are not at risk.