Radiant Hacker Shifts $26.7 Million in Stolen Crypto to Ethereum - Here’s What It Means

Another day, another nine-figure crypto heist making traditional finance look like amateur hour.

The Movement

$26.7 million in ill-gotten gains just bridged to Ethereum—because even hackers prefer better infrastructure. The Radiant exploit didn't just steal; it executed a flawless asset migration while your bank still charges wire fees.

Why Ethereum?

Liquidity, anonymity, and that beautiful decentralized playground where stolen funds become someone else's problem. Perfect for mixing, trading, or just watching regulators scramble.

The Irony

Wall Street spends millions on compliance only to get outperformed by anonymous hackers moving stolen funds with better operational efficiency. Maybe they should hire them.

Final thought: If this doesn't prove crypto's resilience, nothing will. Even theft can't stop the momentum.

The Radiant Hack 

In October 2024, Radiant Capital was hacked and $51.5 million was stolen from user wallets on Arbitrum and BNB Chain. The breach involved malicious contracts that tricked users into granting permissions to a rogue address, which then drained funds via the transferFrom function. The stolen assets included wrapped BNB, ETH, USDC, and USDT, with around $32 million from Arbitrum and $18 million from BNB Chain in one wallet. 

Last month also, the hacker made headlines by turning the stolen assets of $53 million into a whopping $102.54 million by trading ETH and apparently making a profit of $49.5 million.  

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