Radiant Capital, a decentralized finance lender, faces a serious security breach after a hacker transferred $52 million worth of stolen cryptocurrency to the Ethereum network. The transfer, involving approximately 20,500 ETH, was detected by blockchain security firm PeckShield. The hacker used malware to compromise the wallets of three developers, and the company is now collaborating with US law enforcement to recover the assets. This incident is part of a troubling trend, with 2024 witnessing a significant rise in cryptocurrency hacks, totaling $1.38 billion looted by mid-year.