Shocking Radiant Capital Exploit: Hacker Converts 4,326 ETH to $20.48M DAI

Key Points

1. The hacker swapped 4,326 ETH for $20.48 million in DAI, likely to obscure the transaction trail and stabilize the stolen funds.

2. The total illicit gains from the Radiant Capital exploit amount to approximately $102 million, posing a threat to market stability and investor confidence.

3. On-chain analysis is crucial for tracking post-exploit fund movements, though it doesn't prevent attacks.

4. The hacker is suspected to be affiliated with a North Korea-linked group, adding geopolitical concerns to the incident.

5. The exploit highlights key DeFi security challenges, including smart contract vulnerabilities and flash loan attacks.