DeFi lending protocol Radiant announced it will move into a sunsetting phase after 18 months of recovery efforts following the October 2024 hack. With no fund recovery progress and no fresh capital, the DAO can no longer operate sustainably.
Cross-chain lending protocol Radiant announces it will gradually enter sunsetting phase after 18 months of unsuccessful recovery efforts following the October 2024 hack, with no fund recovery progress or new capital injection.
DeFi protocol Radiant announced on June 1 that after 18 months of recovery efforts following the October 2024 hack, its DAO has no viable path forward and will enter the sunsetting phase. The project failed to recover stolen funds or attract new capital, lacking the resources needed for responsible long-term operation.
DeFi protocol Radiant Capital has announced that following the October 2024 hack, the DAO no longer has a viable path forward and will gradually cease operations due to lack of fund recovery and new capital.
Cross-chain lending protocol Radiant, governed by a DAO, is winding down operations after an October 2024 hack and 18 months of unsuccessful recovery attempts. No stolen funds have been recovered, no new capital has been injected, and the project lacks the resources to continue responsible long-term operations.
Following an October 2024 hack, Radiant's DAO lacks a viable path forward and has begun the sunsetting process due to no fund recovery, no new capital, and insufficient resources for responsible long-term operation.
