Radiant Capital Shuts Down After Failing to Recover From US$50M October 2024 Hack

Cross-chain lending protocol Radiant Capital is shutting down active development operations, the DAO announced, following its failure to recover from a US$50 million exploit that struck Arbitrum and BNB Chain deployments in October 2024. Roughly 18 months after the attack, the protocol has not recovered meaningful funds, secured new investment, or obtained grants needed for operational continuity.

While development ends immediately, Radiant said smart contracts will remain on-chain and users can continue withdrawals and loan repayments through reduced maintenance support. Recovery efforts, including forensic tracking and claims infrastructure, will continue with remaining resources.