Blockchain analyst under the alias Embercn said that the attacker who broke Radiant Capital, was able to significantly increase the cost of the stolen.

The hacker sold it first 9631 ETH at an average rate of $4562, having received 43.9 million DAI. After falling the price of ether to $4096, he bought 2109.5 ETH for 8.64 million DAI. now stored at his address 14,436 ETH and 35.29 million DAI, the total cost of which is $94.63 million – Almost twice the original amount of stolen.

Hacking took place in October 2024 through the program inletdrift for macOS. Hacker gained access to the Radiant Capital multi-signature wallet and stole the tokens from credit pools on Arbitrum and BNB Chainwhich became one of the biggest attacks of the year. Initially stolen 21,957 ETHs were estimated at $53 million (the course of the ether was then about $2500).

Holding ETH in the period of the subsequent altcoin rally played a key role in increasing the cost of the burglar’s portfolio.

to investigate the incident Radiant Capital Collaborates with FBI, analysts Chainalysis, as well as with companies SEAL911 and zeroshadow. Previously, experts assumed that North Korean hackers could be involved in the attack.

It should be noted that this is not the first incident: earlier the protocol was subjected to another hack, during which the attackers brought 1900 ETH (~$4.5 million) through a new lending market based on USDC and Arbitrum.