Radiant Capital Hacker's Bold Actions: Washing $61.4M and Acquiring Additional ETH
Radiant Capital Exploit: The hacker behind the Radiant Capital breach laundered 13,650 ETH (approximately $61.4 million) using Tornado Cash and subsequently purchased an additional 1,327 ETH with 6 million DAI, indicating ongoing illicit activities.
Tornado Cash's Role: Tornado Cash, a decentralized privacy solution, was utilized by the hacker to obscure the origin of the stolen funds, complicating recovery efforts for victims and presenting challenges for law enforcement.
Impact on DeFi Security: The incident highlights significant security vulnerabilities in decentralized finance (DeFi), eroding user trust and prompting calls for stricter regulations, which could hinder innovation in the sector.
User Precautions: To protect themselves, DeFi users are advised to conduct thorough research on protocols, diversify their investments, and stay informed about security best practices and potential vulnerabilities in the crypto space.
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Technical Analysis for RDNT
Technical Sentiment Analysis for Radiant Capital (RDNT) As of , Radiant Capital (RDNT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for RDNT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, RDNT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Radiant Capital (RDNT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00189 | 0.00352 | 0.00519 | 0.00682 | 0.00849 | 0.0101 | 0.0118 |
| Fibonacci | 0.00352 | 0.00478 | 0.00556 | 0.00682 | 0.00808 | 0.00886 | 0.0101 |
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