Radiant Capital: about $50M hack on Arbitrum, BNB Chain

2024-10-16. Reported by public sources (confirmed by rekt). Amounts are as reported; the trace below shows what the chain says.

Radiant Capital lending pools on Arbitrum and BNB Chain were reported drained of about $50M, according to rekt. The reported earliest time is 2024-10-16 17:09 UTC, and the rekt report says compromised multisig signers let the attacker take over the pools. KadenaTrace's automatic trace of the exploiter address shows $58.7M moved out across split wallets and swaps on several DEX routers, with only $2 still held in traced wallets. Funds were swapped and bridged to Ethereum via Stargate, and the incident is registered on Kadena as KT-5 and watched, with the Arbitrum side as KT-8.

Amount: about $50M (reported). Networks: Arbitrum, BNB Chain.

What is known

Reported

By rekt.

Confirmed

Confirmed by rekt. The amount is as reported.

Recorded on Kadena

As KT-5 and KT-8: each move of the funds is written to a public contract.

Attacker address

2 addresses attributed by the reports.

Exchange deposits

None seen so far.

Frozen

No freeze read on chain.

Returned

No return of funds recorded here.

Trace coverage

The coverage of this trace was not recorded (traced before Oct 31, 2026); totals are lower bounds until the next refresh.

Addresses attributed to the attacker

• 0x0629b1…f98962 on BNB Chain
• 0x0629b1…f98962 on Arbitrum

$35.6M followed across 33 addresses so far from 0x0629b1…f98962.

Recorded on Kadena as KT-5 and KT-8: every move of the funds is written to a public contract.

Sources

• rekt

Timeline

1. 2026-10-25 The Arbitrum side registered on Kadena as KT-8: its moves are watched and recorded too
2. 2026-10-25 47.0329 USDT moved to StargatePoolMigratable (hop 5) transaction
3. 2026-10-25 46.0228 USDT moved to StargatePoolMigratable (hop 5) transaction
4. 2026-10-25 0.0345 BNB moved to Router (hop 5) transaction
5. 2026-10-25 0.0349 BNB moved to Router (hop 5) transaction
6. 2026-10-25 Registered on Kadena as KT-5: every move of the funds is now watched and recorded, and anyone can add updates
7. 2026-10-25 $999,450 swapped on 0x (2 swaps) transaction
8. 2026-10-25 $161,514 swapped on OdosRouterV2 transaction
9. 2026-10-25 $327,351 swapped on MetaAggregationRouterV2 (6 swaps) transaction
10. 2026-10-25 $6.1M swapped on 1inch (2 swaps) transaction
11. 2026-10-25 $17.7M swapped on Swap (64 swaps) transaction
12. 2026-10-25 Split into 2 wallets ($35.6M out) transaction
13. 2026-10-25 $602,479 swapped on MetaMask Swaps transaction
14. 2026-10-25 $5.2M swapped on AugustusV6 transaction
15. 2026-10-25 $3.3M swapped on MetaAggregationRouterV2 (2 swaps) transaction
16. 2026-10-25 $2.2M swapped on UniversalRouter (46 swaps) transaction
17. 2026-10-25 $2M swapped on Swap (12 swaps) transaction
18. 2026-10-25 Split into 2 wallets ($35.6M out) transaction
19. 2026-10-25 $602,479 swapped on MetaMask Swaps transaction
20. 2026-10-25 $5.2M swapped on AugustusV6 transaction
21. 2026-10-25 $3.3M swapped on MetaAggregationRouterV2 (2 swaps) transaction
22. 2026-10-25 $2.2M swapped on UniversalRouter (46 swaps) transaction
23. 2026-10-25 $2M swapped on Swap (12 swaps) transaction
24. 2026-10-25 Split into 2 wallets ($35.6M out) transaction
25. 2024-10-16 Detected from rekt: about $50M link

Read: How to trace stolen crypto, hop by hop.

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