Radiant Capital to Shut Down After Failing to Recover From $50 Million Hack

DeFi Platform Radiant Capital Shutting Down Following $50,000,000 Hack

Radiant Capital (RDNT), a decentralized finance lending protocol, announced Monday it is shutting down, nearly two years after hackers drained $50 million from the platform in a sophisticated malware attack. The protocol, which operated cross-chain lending across multiple networks, was compromised in October 2024 when attackers used a “highly advanced malware injection” to breach multiple […]

How a $50M hack sent Radiant Capital from $350M TVL to near zero

Radiant Capital’s shutdown highlights how difficult DeFi recovery and restoring user confidence remains after major exploits.

Radiant Capital Shuts Down After 2024 Hack Drains User Confidence

Radiant is done. The decentralized lending protocol confirmed it’s winding down operations after failing to pull itself back from a… Read the original on Radiant Capital Shuts Down After 2024 Hack Drains User Confidence. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

$50M Exploit Finally Forces Radiant Capital Shutdown After 18 Months of Recovery Efforts

Key Takeaways: Looking back on the past year, Radiant Capital is winding down DAO operations following an inability to recover from exploitation in October 2024 that cost it $50 million. The protocol will continue to be in maintenance mode and will have the ability to let users up loans, modify positions, or withdraw assets. With active development and RDNT emissions complete, and protocol expansions noted, a phase of user support and recovery …

Radiant Capital to wind down after $50 million North Korea-linked hack

Radiant Capital has announced plans to wind down operations after failing to recover from a $50 million exploit that devastated the lending protocol and left it without sufficient funding to continue. According to a statement published Monday by Radiant’s decentralized…