Radiant Capital DAO Transitions to Support Mode Following Major Exploits
- Radiant Capital has ceased active development and will operate in a limited capacity until the end of 2026.
- The protocol suffered two significant exploits in January and October, leading to losses of approximately 1900 ETH and over $50 million, respectively.
- Users can still withdraw funds, repay loans, manage positions, and earn rewards during this support phase.
- The community-elected council now manages the DAO, focusing on security and user compensation.
- Collaboration with zeroShadow is ongoing to recover stolen assets from the exploits.
Radiant Capital’s shift from development to support mode highlights the challenges faced by DeFi protocols amid security threats and funding shortages. The decision reflects ongoing efforts to assist users while managing critical operations for asset recovery.
With losses exceeding $50 million from recent attacks, Radiant Capital’s transition emphasizes the need for enhanced security measures in decentralized finance.(Source)
