Radiant Hack: Di $53M we dem carry waka double wit ETH Swing Trading
For October 2024, Radiant Capital hacker jam exploit one DeFi protocol to dash $53 million. The bad guy change the assets to about 21,900 ETH with average price of $2,420. Instead make immediate liquidation, the hacker use ETH swing trading to boost returns. On-chain analysis show dem buy 4,914 ETH for $4,167 then sell 3,931 ETH for $4,726 on August 23, 2025. By using ETH swing trading, the stolen money grow to about $104 million. Dem still get 13,300 ETH and 42.03 million DAI. This matter dey show say DeFi security still get gap and e dey show how clever modern exploits get. E still highlight how on-chain forensic dey waka dey follow money flow. DeFi protocols need to strong smart contract audits, traders suppose dey watch on-chain signals to sabi how market sentiment dey change.
Neutral
Di news dey likely neutral as e concern market sentiment overall. Even though Radiant Capital hacker ETH swing trading show say e get big skill for exploit and e fit make selling pressure rise small for now, di amount wey e trade na approx 21,900 ETH, wey no too big compared to di daily market volume. Similar waka before like Poly Network hack cause small price drops wey no last but e never affect long term market growth. Instead, things like dis often make dem upgrade protocol and improve security. Short term, traders fit respond to on-chain alerts and DeFi exploit news wey fit bring small price wahala. Long term, better smart contract check and forensic tools go increase confidence and reduce bad sentiment. So overall, market impact balanced, risk dey drive innovation not constant market fall.