Radiant Capital faces a $51 million exploit on Arbitrum and BNB Chain, impacting funds across both platforms. Get details on the breach and its implications for users.

Radiant Capital lost more than $50 million after the exploiter obtained three signers for the multisig wallet that controlled the lending protocol, raising serious concerns about the use of multisig systems in blockchain protocols.

Radiant Capital has fallen to a hack, with more than $51 million stolen across Arbitrum and BNB Chain. Over $32 million was stolen from Arbitrum, while BNB Chain accounted for about $18 million. Radiant Capital suffered an exploit on Oct.

Exploited Radiant Capital contracts drained over $50 million worth of crypto on Wednesday. The attacker would have needed access to at least three multi-sig keys