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Cryptocurrency theft
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Radiant Capital Halted: $51 Million Stolen in 2024, a DeFi Security Wake-Up Call
Decentralized lending protocol Radiant Capital suffered a major security breach in October 2024, resulting in a loss of approximately $51 million. Despite the protocol's efforts to recover, its DAO announced in June 2026 that it would gradually cease active operations and enter a maintenance state, due to the unrecovered stolen funds and difficulties in attracting new capital. This incident, attributed to North Korea's Lazarus Group, highlighted the severe challenges in the DeFi sector regarding multisig security, private key protection, and rebuilding user trust after an attack.
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Radiant Capital Halted: $51 Million Stolen in 2024, a DeFi Security Wake-Up Call
Decentralized lending protocol Radiant Capital suffered a major security breach in October 2024, resulting in a loss of approximately $51 million. Despite the protocol's efforts to recover, its DAO announced in June 2026 that it would gradually cease active operations and enter a maintenance state, due to the unrecovered stolen funds and difficulties in attracting new capital. This incident, attributed to North Korea's Lazarus Group, highlighted the severe challenges in the DeFi sector regarding multisig security, private key protection, and rebuilding user trust after an attack.
Cryptocurrency theft
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