Radiant V2 Hack

TOTAL LOST $53.0M
High #122 All-Time Access Control Exploit arbitrum bsc

Summarize with AI

Affected Chain arbitrum 2 chains affected
Recovered - No recovery reported
All-Time Rank #122 By amount stolen
Auditors 1 Prior security audit

Incident Overview

Radiant v2 introduces a migration to the LayerZero OFT format, improving cross-chain fee sharing, enabling faster launches on additional chains, and allowing native ownership of bridging contracts. This update addresses utility exchange concerns and eligibility for RDNT emissions by implementing changes to core protocol mechanics, emissions, utility, and enhancing cross-chain functionality

Incident Report

Protocol / Project Radiant V2
Date of Incident
Affected Chain(s) arbitrum bsc
Attack Technique Access Control Exploit
Classification Protocol Logic
Primary Source View Post-Mortem

Protocol Information

Protocol Type Lending
Smart Contract Language Solidity
Protocol Twitter/X @RDNTCapital

Market Context at Time of Hack

Token Categories
PoW Platform DeFi Smart Contracts

What the Attacker Needed to Succeed

Understanding the prerequisites for this type of attack helps auditors identify protocols that are most at risk and helps developers build better defenses.

Technical Knowledge Operational-security tradecraft (phishing, malware, leaked seed phrases, or insider access) to obtain treasury signing authority
Capital Required Minimal capital - only enough to cover gas while draining the compromised accounts
On-Chain Access Valid signing authority over the compromised wallets / multisig signers, allowing direct transfer of funds or stake authorization
Target Reconnaissance Identification of Radiant V2's high-value treasury accounts and the authority / multisig structure controlling them
Execution Speed Speed to drain the compromised accounts before the team detects the breach and revokes signing authority or freezes the assets
Obfuscation Plan A strategy to launder and move stolen funds - typically through mixers, cross-chain bridges, or decentralized DEX swaps to resist tracing

What Auditors Should Check

Could this have been caught in audit? Likely — with a thorough Access Control Exploit audit checklist and test coverage
Audited by Audit Report 1 — still lost $53.0M. Prior audits don't guarantee safety, especially after post-audit code changes.

If you're auditing a protocol with similar architecture to Radiant V2, these are the critical security checks that could have prevented this incident (October 2024).

  • Verify all logic paths related to Access Control Exploit are guarded by proper access controls and input validation - see the Access Control Attacks attack class for patterns
  • Review privileged functions (owner, admin, governance) for potential abuse vectors - centralization risks should be documented and bounded with timelocks or multi-sigs

Master these auditing techniques with hands-on labs and real exploit scenarios in the Smart Contract Hacking course.

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Security Audit History

Related Attack Classes

The technique used in this hack maps to these vulnerability classes in our security curriculum:

See all Access Control Attacks examples →

Sources & References

Learn to Prevent the Next Radiant V2

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