Key facts
- Radiant Capital is winding down operations.
- The protocol lost $50 million in an October 2024 attack.
- Mandiant attributed the attack to a North Korean state hacking group.
- The protocol's total value locked has fallen to approximately $2.21 million.
- Market capitalization has dropped below $2 million.
- Frontend and smart contracts will remain accessible for user withdrawals and position management.
Radiant Capital is entering a wind-down phase after a significant $50 million exploit in October 2024, attributed to a North Korean state hacking group. The protocol's total value locked has plummeted to approximately $2.21 million, with its market capitalization falling below $2 million. After 18 months of recovery efforts, the DAO concluded that it lacks sufficient recovered funds, new capital, and operational runway to continue responsibly. While active development has ceased and borrow caps are set to zero, users will still be able to access core functions for withdrawals and position management.