Radiant Capitala decentralized finance (DeFi) protocol, has is attributed a $50 million default to a cyber attack linked to hackers from the Democratic People’s Republic of Korea (DPRK).
The announcement came after Radiant Capital enlisted cybersecurity specialists Mandiant to investigate the breach. Mandiant strongly accused a DPRK-affiliated hacking group of orchestrating the operation.
The origins of the attack date back to September, when one of the members of Radiant The developers were contacted by an individual posing as a former contractor. Trusted by the team.
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The scammer presented the developer with a zip fileclaiming that it contained a new project that required comments. Once shared within the developer community, the file deployed advanced malware on systems.
This malicious software not only gained backdoor access to macOS devices but also intelligently showed a genuine looking PDF to avoid suspicion. The hackers’ technical skills allowed the malware to communicate with a harmless-seeming domain name, ensuring their covert operations.
Attackers leveraged this malware to compromise multiple devices, bypassing multiple layers of security provided by Tenderly, a web3 infrastructure provider.
According to Radiant Capital’s detailed autopsy, the The malware payload included a deceptive AppleScript. which allowed for smooth handling of transactions. Tenderly tools, which typically simulate transactions and verify payload data, did not detect any anomalies during these checks.
Despite adhering to best security practices and procedures, the Radiant team admitted that the deceptive methods used in the attack rendered traditional safeguards ineffective.
According to the company, this exploit, executed in October, stands out as one of the most complex incidents in DeFi history.
While the Radiant Capital hack highlights the audacity of the DPRK’s cyber tactics, it is just the tip of the iceberg. Recently, North Korea’s cyber army has quietly infiltrated global IT networks. How did they achieve it? Read the full story.
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