Radiant Capital Hit by $50M Cyberattack: North Korea Group Linked

Radiant Capital suffered a $50M loss in a cyberattack attributed to the DPRK-linked UNC4736 group. Attackers used sophisticated malware and social engineering to bypass security protocols. The incident highlights critical vulnerabilities in DeFi security, urging the adoption of hardware-level transaction verification across the industry. Radiant Capital has confirmed new findings surrounding the devastating $50 million cyberattack it suffered on October 16, 2024. An investigation by cybersecurity firm Mandiant identified the attackers as UNC4736, a North Korea-linked threat group connected to the nation’s Reconnaissance General Bureau (RGB). This is another alarming rise in the sophistication of cyberattacks targeting decentralized finance (DeFi), showing the urgent need for stronger security measures in the industry. How the Attack Unfolded The attack was set in motion on September 11, 2024, when a Radiant developer received a seemingly normal Telegram message from someone posing as a former contractor. The message had a ZIP file, supposedly showcasing the contractor’s work in smart contract auditing. But it contained a sophisticated malware called INL… The post Radiant Capital Hit by $50M Cyberattack: North Korea Group Linked appeared first on Coin Edition .