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Radiant V2

Jan 2, 2024

$4.5M
Lost
$4.5M
Recovered
$0
Net loss
$4.5M
Unrecovered0% recovered

On January 2, 2024, Radiant Protocol on Arbitrum suffered a flashloan attack exploiting rounding issues in the burn function on a newly activated USDC market. 5 million) beyond legitimate deposits through three attacks within 6 seconds of market activation.

Target
DeFi
Classification
Token & Share Accounting
Technique
Rounding Error
Attribution
North Korea
Chains
Arbitrum

Event timeline

  1. Jan 2, 2024
    Exploit executed — $4.5M drained via rounding error
  2. Attributed to North Korea
  3. Recovery status Unrecovered 0%

Data credits

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