Radiant Capital Suspects North Korea Involvement in October Hacking

Doohyun Hwang

Summary

Radiant Capital announced that it suspects North Korea's involvement in the hacking incident that occurred last October.
Radiant Capital stated that it is cooperating with U.S. law enforcement agencies to mitigate the $50 million damage.
Radiant Capital revealed that its market price has fallen, trading at around $0.1.

In October, Radiant Capital (RDNT) was attacked, resulting in financial losses, and it is suspected that North Korea was involved. On October 16, Radiant Capital suffered approximately $50 million in damages due to a hacker attack.

On the 6th (local time), Radiant Capital announced via its official Medium that "the hacking incident that occurred two months ago appears to be linked to North Korea. We have a high degree of confidence in this."

They added, "To mitigate the damage, we will cooperate with U.S. law enforcement agencies to freeze the stolen assets." Meanwhile, Radiant Capital is trading at around $0.1, down approximately 0.4% from the previous day on the Binance Tether (USDT) market.

RDNT