Radiant Capital Hacker Doubles Stolen Funds Through Ethereum Swing Trading

A recent incident involving the DeFi protocol Radiant Capital has highlighted the volatile nature of cryptocurrencies and the cunning tactics of those who exploit vulnerabilities. An unknown hacker stole $53 million from the platform in October 2024, but what made this story particularly shocking was their ability to double their stolen funds through sophisticated Ethereum (ETH) swing trading strategies. The hacker initially consolidated the stolen assets into a liquid cryptocurrency like ETH before engaging in active market management with strategic buying and selling. This allowed them to turn a $53 million initial theft into a substantial $104 million fortune.