Ether Rally Boosts Hackers’ Profits From Radiant Capital Heist to $103M

A hacking attack on the decentralized lending platform Radiant Capital in October 2024 resulted in a significant gain for the perpetrators. The initial breach of approximately $58 million, carried out on BNB Chain and Arbitrum, has now seen its value jump considerably due to the rise in Ether’s price. Blockchain data shows that the attacker converted the stolen funds into Ether (ETH), currently worth around $103 million after a significant increase since the attack.