On October 24, 2024, addresses linked to the Radiant Capital exploiter moved about 20,500 ETH from Arbitrum and BNB Chain to Ethereum. The ETH was valued at roughly $52 million at the time, according to blockchain security firm PeckShield, as reported by Cointelegraph. That was a reported transfer valuation on that date—not a current valuation or proof of where the funds are now.
What happened in the Radiant Capital attack
Radiant Capital said the attack occurred on October 16, 2024, and estimated the resulting losses at approximately $50 million. In a December 6, 2024 update, the project described a scheme that began weeks earlier: on September 11, a message appearing to come from a trusted former contractor directed a developer to a ZIP file presented as material for review.
Radiant said the file delivered malware that compromised developer devices. The attackers were then able to get malicious transactions signed while interfaces displayed benign transaction data. Radiant characterized the incident as a social-engineering and malware operation—not simply a vulnerability in a smart contract. Radiant’s December 6 incident update provides the project’s account.
What the $52 million transfer figure means
The roughly $52 million figure is the estimated value, at the time of the October 24 transfer, of about 20,500 ETH moved from Arbitrum and BNB Chain to Ethereum. PeckShield reported the movement; Cointelegraph covered it. The figure does not establish the assets’ value today.
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It is also distinct from Radiant’s approximately $50 million estimate of losses from the October 16 incident. One figure describes the project’s estimated incident losses; the other describes the reported value of crypto moved eight days later. They are not interchangeable measurements, and the transfer report alone does not show how much was ultimately recovered.
What is known about attribution
Radiant’s December update said Mandiant attributed the attack to UNC4736, also known as AppleJeus or Citrine Sleet, and assessed with high confidence that the group had a North Korean (DPRK) nexus. This is Radiant’s account of Mandiant’s assessment, not a court finding. Radiant said its investigation was ongoing.
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Where the funds are now
The reported October 24 movement establishes that the identified assets were transferred to Ethereum from Arbitrum and BNB Chain. The sources cited here do not establish their current location or the final recovery outcome. Radiant’s statement about coordination was made during its December 2024 update and should be understood as a historical status report, not confirmation of a later result.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What the incident says about developer security
Radiant said the attackers used a trusted-looking approach and malware to undermine device security and transaction review. The project wrote: “This incident demonstrates that even rigorous SOPs, hardware wallets, simulation tools like Tenderly, and careful human review can be circumvented by highly advanced threat actors.” The statement appears in Radiant Capital’s December 6, 2024 incident update and was not attributed there to an individual speaker.
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The practical lesson is not that a particular wallet or review tool would have prevented the attack. Radiant’s account is a warning that controls can fail when a developer’s device is compromised and transaction data is deceptive; the available sources do not establish which additional safeguards would have stopped this specific incident.
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