Radiant Capital enhances bounty to recover funds after incident

By Radiant Capital
Jan 18, 2024, 5:18 PM
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Radiant Capital has decided to increase the existing bounty by $100,000 or its equivalent to encourage individuals to identify the exploiter or provide valuable information.​ They condemn such acts of exploitation as they harm protocols and erode trust in the Web3 community.​ Radiant is dedicated to supporting efforts that improve the security and stability of the Web3 ecosystem.​

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To aid in the recovery of funds from the January 2nd incident involving the Radiant protocol, we are committed to enhancing the existing bounty by @ArkhamIntel by $100,000 USD or its equivalent to incentivize individuals who can positively identify the exploiter or contribute

Arkham
Arkham
@arkham

New Intel Exchange Bounty: Radiant Capital Exploit On January 2nd, Radiant Capital experienced a flash loan attack on its new USDC market on the Arbitrum network. The incident resulted in $4 million in funds lost. Exploiter contract: 0x39519c027b503f40867548Fb0c890b11728faA8F

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Read more about Radiant Capital

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**Development Status:** - Smart contracts have been deployed - Frontend integration is in final testing phase - Launch timeline: soon **Key Point:** The project emphasizes this is functional infrastructure already built and operational, currently undergoing final testing before public release—not theoretical or planned development. **Previous Context:** Earlier testing showed users building and deploying Solana applications in minutes without coding requirements, with both frontend and backend design capabilities.