🚨 DeFi Lending Platform Radiant Capital Suffers $50M Exploit

Radiant Capital was hacked on Wednesday, resulting in losses exceeding $50 million. Several blockchain security firms have reported that the exploit occurred due to an apparent cyberattack targeting the platform’s smart contracts on both the Binance and Arbitrum networks. The incident was first detected by blockchain security firm Ancilia Inc., which reported suspicious activity on a Radiant Capital smart contract on the BNB Chain at 1:35 PM ET in an X post.

Source

@DeFi_ICO_Invest

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💰 L2 Scaling Challenges May Undermine Ethereum and Bitcoin’s Long-Term Security

Ethereum and Bitcoin, two of the world’s largest blockchains, are facing significant challenges in scaling their networks. As more users and transactions move to layer two (L2) solutions, these systems could undermine the security and sustainability of the base layer (L1), with fees and rewards for miners and validators dwindling.

Source

https://t.me/Bitcoin_Crypto_Signals

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