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Planet Radiant
Joined February 2024
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So, here’s what happened: Binance hot wallets were drained of $5.60B today across Ethereum, Bitcoin and Tron.
$200m were transferred few minutes ago, so hack is still ongoing
Here is what is on-chain rn: what is frozen vs not, and the addresses to watch.
➮ Totals
✧ $5.60B pulled from Binance hot wallets
✧ 3 chains: Ethereum, Bitcoin, Tron
✧ 67 assets, 63 of them swept out of Binance 14 in a single tx
✧ Attack vector not confirmed at time of writing
➮ Frozen so far: $2.38B
✧ $1.56B USDT frozen by @Tether_to: $1.18B on Ethereum + $379M on Tron
✧ $823M USDC frozen by @circle
✧ Thats ~42% of the haul neutralized within the day
➮ Not frozen: ~$2.6B
✧ 18,270 $BTC ($1.45B) - nobody can freeze this
✧ 197K $ETH ($451M) - same
✧ ~$730M USDT still unfrozen, Tether can still act on it
✧ Rest: $TRX ($234M), $RLUSD ($88.5M), $WBETH ($75M), $XAUT ($50M) and a tail of smaller tokens
➮ Addresses to watch (paste into etherscan / mempool / tronscan)
Ethereum, attacker main, holds the frozen USDT + USDC:
0x5227f603c1ee34ce3c06efe6477003bdfccb2f8c
Ethereum, 195,460 ETH parked here:
0x8532fa14acaf483729c449b8458aeddb900543d4
Main sweep tx, 63 tokens out of Binance 14:
0x53bd38b816c23e74134786c29a8c18d792777998a3b9326047b583100e88e2f3
Bitcoin, 18,270 BTC received:
bc1q0mtc2f5agpkvlq6hhahmfr3hlr55kyfjhl2mnm
Tron, 612.7M USDT received, 313M of it frozen:
TG5iBMQPrDzJJAUM8GMVBf1hRaJ1wvzsGi
Tron, 216M USDT, not frozen:
TSUUVjysXV8YqHytSNjfkNXnnB49QDvZpx
➮ Context
✧ Previous record: Bybit, Feb 2025, $1.5B in ETH. This is ~3.8x that
✧ Binance 2019 hack: ~7,000 BTC, ~$40M, covered by SAFU
✧ Binance 2022 BNB bridge: ~$570M, most of it frozen by validators within hours
✧ Moreover, SAFU fund was ~$1B at last disclosure. This hack is 5x+ that, so the coverage question is Binance balance sheet, not SAFU
➮ What matters next
1/ Whether Tether freezes the remaining ~$730M USDT, and whether Ripple does the same with $88.5M RLUSD
2/ First outbound hops from the BTC and ETH addresses, bridges or mixers. Until then $1.9B is just sitting there
3/ Binance withdrawal status and an official statement on how 63 tokens got signed out of Binance 14
4/ Whether this follows Bybit pattern: that money went through THORChain within days, same route would show up fast here
Will update as the addresses move.
The interesting thing is that preserving a record and proving it’s true are two different things. But having a record that anyone can verify is still a pretty big step forward. What do you think?
radiant:native
#RadiantBlockchain #utxo #decentralized
Do you have a pulse
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Nice to see more ways for people to get into RXD! Making it fun and easy for newcomers to join the Radiant community is always a good thing. Keep it going!
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US core CPI came in hotter than expected.
September core inflation rose 0.3% month-on-month and 2.6% year-on-year. Treasury yields climbed as markets reassessed the Fed's next move.
Crypto doesn't exist in a macroeconomic vacuum. Liquidity and risk sentiment matter.
But short-term market uncertainty doesn't change the work of building open, permissionless infrastructure.
Radiant radiant:native continues building on PoW, UTXOs and native asset programmability.
Markets move. Fundamentals matter.
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bls.gov/news.release/archive…
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What do you think is the most important part of a blockchain?
Proof of Work? Transaction validation? Consensus? The UTXO model? Or how all these pieces work together?
Let's hear your thoughts.
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And that's a wrap on Blockchain 101 Season 1! 🎓
From transactions and Proof of Work to UTXOs and digital assets, we've explored the building blocks that make blockchain work.
Now, let's bring it all together.
Blockchain is a system, not just a database.
Thank you to everyone who followed this journey!
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This
To everyone still holding radiant:native through the ups and downs, respect.
The market won't always be kind. The charts won't always be green.
But building something meaningful takes time, patience, and a community willing to keep showing up.
Keep building. Keep learning. One block at a time.
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Radiant Blockchain retweeted
This one isn't from me! 👀 It's from @craig_donnachie , who took the initiative to create a Blockchain 101 card on mining pools.
Love seeing community members contributing their own efforts to blockchain education. Different creators, different approaches, same goal: sharing knowledge with the community. 👏🧡💙
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Institutional capital will not serve as exit liquidity for venture-backed tokens with endless unlock schedules. A mathematically enforced 21 billion hard cap changes the game for base-layer utility.
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Tokenisation is moving into traditional finance.
But putting assets on-chain is just the beginning.
How do we ensure asset identity, ownership and transfers remain verifiable?
The real challenge is the infrastructure.
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cointelegraph.com/news/imf-f…
Newer exchanges are approaching Radiant to list $RXD. While it is great news to have wider distribution and access, as with ALL exchanges, one should exercise caution.
💪🏴☠️
On Radiant, digital assets can be represented within a programmable UTXO model.
At a high level:
Asset Identity + Asset State + Ownership + Rules = Digital Asset
The important part is that these properties can be represented and verified on-chain.
Identity tells us what the asset is.
It's more than just a name.
Its identity comes from what it represents, how many units exist, whether individual units can be distinguished, and what rules govern it.
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