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Radiant Discontinues Operations 18 Months After October 2024 Hack

Security Incidents Project Progress Exchange Risk

2026-06-01 14:46:43

RDNT-3.77%

DeFi protocol Radiant announced its decision to wind down operations following a hack in October 2024. After 18 months of efforts, the DAO determined it lacks a viable path to continue responsible long-term operations, with no progress on fund recovery and no new capital injection.

The project cited insufficient resources and development space as reasons for entering the sunsetting phase.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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