Radiant Capital Hack: Attackers Sell 3,091 ETH for 13.26M DAI

PANews reports that on August 12, hackers exchanged 3,091 ETH for $13.26 million in DAI, transferring funds to a new address after the October 2024 Radiant Capital hack.

ETH
DAI

Summary

According to PANews, on August 12, PeckShieldAlert identified that an address linked to the Radiant Capital hack exchanged 3,091 ETH for $13.26 million in DAI and transferred the funds to a new address (0xA4F2…eB51). This transaction follows the October 17, 2024 hack that resulted in losses of $53 million.

Terms & Concepts
  • Ethereum (ETH): The native cryptocurrency of the Ethereum blockchain, used for transactions and executing smart contracts.
  • DAI: A decentralized stablecoin pegged to the US Dollar, commonly used in decentralized finance (DeFi) operations.