Radiant Capital Hack: $10.8M ETH Flow waka enter Tornado Cash
Di Radiant Capital hack wey comot $53 million for October 2024 by one North Korea tn link AppleJeus don dey increase. Di first moni dem carry go via Stargate, Synapse, an Drift bridges. Swap between ETH and 13.26 million DAI plus di steal come almost $94 million. Recently, dem wash 2,834 ETH (≈$10.8 million) thru Tornado Cash, wey make Ethereum washing big pass before. Di way to trace Radiant Capital hack involve FBI, Chainalysis, SEAL911, and ZeroShadow. As dem dey still dey use Tornado Cash, e go hard to recover di moni. Dis kain thing show say DeFi security wahala dey and privacy mixer palava dey. Traders suppose dey watch Radiant Capital token for wan kporo kporo and think again before dem put moni for mixer and unaudited DeFi platform dem.
Bearish
The Radiant Capital hack plus the way dem dey wash ETH through Tornado Cash don shake confidence for Ethereum and DeFi platforms. For short term, dis news fit make traders sell quick as dem dey rethink how much risk dem get, wey go put pressure down on ETH prices. For long term, regulators go dey watch well and people go dey ask for better security, wey fit stop plenty speculative money enter. Overall, the security wahala plus how dem dey hide things on chain show say ETH get bearish future.