Radiant Capital collaborates with the FBI to recover $50 million stolen in a sophisticated crypto hack targeting developers' wallets. The attack involved advanced malware compromising hardware wallets of core developers. Radiant is enhancing security with stringent multi-layer signature verifications. The company is working with law enforcement and cybersecurity teams to freeze the stolen assets and trace the attackers.

Radiant Capital is actively collaborating with U.S. law enforcement, including the FBI, in efforts to recover $50 million USD stolen during a highly sophisticated security breach on October 16, 2024. The incident, which targeted multiple developers’ hardware wallets using advanced malware injection, led to the unauthorized withdrawal of funds. In response, Radiant Capital has informed the FBI and is actively working with cybersecurity teams to freeze the stolen assets and trace the attackers.

According to the report, the attackers implemented a highly advanced malware injection to compromise the hardware wallets of three core developers. This sophisticated crypto hack manipulated the front-end transaction verification process, while executing malicious transactions in the background. Following the breach, USDC, WBNB, and ETH were stolen, amounting to over $50 million.

Post-incident, Radiant Capital has focused on strengthening its security measures to mitigate the risk of future attacks. This includes implementing more stringent multi-layer signature verifications and using independent devices to confirm transaction data before approval. The DAO has also enhanced the security of both Admin and DAO multisigs by reducing the number of signers to seven and raising the signing threshold to four.

With the rise in crypto hacks, law enforcement is stepping up efforts to address the issue. Recently, U.S. prosecutors have sought a 5-year prison sentence for Ilya Lichtenstein, the mastermind behind the 2016 Bitfinex hack, which led to the theft of $6 billion in cryptocurrency.