Radiant Capital Hacker Flyps looted $53 million with a 94% profit.

Table of Contents

Last year’s Radiant Capital Hack head played an interesting game recently, almost doubleping the stolen funds to their original value.

summary

Radiant Capital Hacker increased the $53 million stolen in the October exploit to about $102.5 million.
It was obtained from converting stolen assets into ETH for 10 months in a continuous price pump and holding them for nearly 10 months.
In 2025, more than $3.1 billion has been lost to crypto hacks and fraud so far, highlighting the need for stronger security measures.

On the X-Post on August 14th, blockchain intelligence platform LookonChain highlighted that Exploiter has increased its $53 million to about $102.5 million and booked 93.5% profit through patient holdings and sales of Ethereum (ETH).

Following the October 2024 exploit, hackers converted all stolen assets to a total of 21,957 ETH. After months of silence, the Exploit recently resurfaced on August 12th to make money due to the rise in ETH, swapping 9,631 ETH for a $43.9 million USD page (Dai) Stablecoin for an average price of $4,562.

Radiant Capital Hacker has now made $125.4 million by trading $53 million stolen, $ETH, a profit of $49.5 million (+93.5%).
Ten months ago, hackers stole $53 million from their radioactive capital and traded everything for a $21,957 ETH.
Recently, he started selling $ETH for $ETH and started selling 9,631 $ETH ($43.94m)…pic.twitter.com/hwbldntve5
– lookonchain (@lookonchain) August 14, 2025

The stubcoin moved to another wallet, leaving the ETH stash holding about 12,326 ETH. Over the past few days, Ethereum has risen sharply below $4,750 at the time of writing, and has risen sharply to a new high. This raised the remaining holdings to a valuation of approximately $58.6 million, an increase of 3% that day.

read more: Ethereum prices are approaching before, but Standard Chartered is at $7,500

By keeping the ETH for nearly 10 months, the Exploit was able to add about $49.5 million to its original haul. Instead of immediate liquidation, the attackers systematically dropped their assets and proposed a long-term cash-out strategy.

Radiant Capital Hack was one of the most devastating industry losses of 2024. All efforts to recover stolen funds have proven useless, and the latest shuffling by attackers suggests that funds could be lost forever.

Radiation Capital Hack

Last October, the attackers used social engineering to deliver a ZIP file that spoofed a former radiocapital contractor via Telegram, disguised as a PDF as a protocol. This file contains MacOS malware that modifies transactional displays and suppresses developers to sign malicious smart contract calls.

Blockchain security experts have linked the attack to North Korea-related group Applejeus. This is another hacking syndicate that will win the industry along with the infamous Lazarus.

You might like it too: DOJ arrests four North Korean hackers for $900,000 theft

By leveraging regular transaction resubmissions, the attacker gathered enough infringed signatures to transfer ownership of Radiant’s lending pool ownership of arbitrum and Binance smart chains, resulting in significant losses.

The incident continues to remind us of the unsettling trends of cyberattacks that continue to plague the wider industry. So far, more than $3.1 billion has been lost to various forms of fraud and hacks. Hackers continue to cut tactics to match evolving security standards, highlighting the need for industry-wide defense.

You might like it too: Fake aave ads top google top search results once again, target investors with phishing links