Radiant Capital to Start Gradual Shutdown After Inability to Recover From $50 Million Exploit

Radiant Capital has announced a gradual wind-down of its DAO after failing to recover from the October 2024 exploit, secure new financing, or restore growth, effectively ending its development and expansion plans.

While the broader shutdown process proceeds, the protocol will continue to operate in a limited capacity to allow users to withdraw funds, repay loans, and manage existing positions. At the same time, borrowing limits will be set to zero, and all RDNT incentive programs will be discontinued.

The decision follows the October 2024 security breach, which resulted in losses of over $50 million and left the protocol unable to regain long-term operational stability.

Source: Radiant Capital