The post Radiant Capital Hacker Nearly Doubles Stolen Funds Through Ethereum Trading appeared first on Coinpedia Fintech News

About 10 months ago, a hacker stole $53 million from Radiant Capital, converting the entire amount into 21,957 ETH. Recently, the hacker began selling off 9,631 ETH for approximately $43.94 million at an average price of $4,562 per ETH. With 12,326 ETH still held, valued at $58.6 million, the total worth has risen to $102.54 million. This results in a profit of $49.5 million, marking a 93.5% increase from the original theft. The case highlights ongoing risks in decentralized finance and crypto security.

The post Radiant Capital Hacker Nearly Doubles Stolen Funds Through Ethereum Trading appeared first on Coinpedia Fintech News

About 10 months ago, a hacker stole $53 million from Radiant Capital, converting the entire amount into 21,957 ETH. Recently, the hacker began selling off 9,631 ETH for approximately $43.94 million at an average price of $4,562 per ETH. With 12,326 ETH still held, valued at $58.6 million, the total worth has risen to $102.54 million. This results in a profit of $49.5 million, marking a 93.5% increase from the original theft. The case highlights ongoing risks in decentralized finance and crypto security.