POPA ReconRadiant Capital is winding down 18 months after $50M hack
Radiant Capital is winding down 18 months after $50M hack Radiant Capital is shutting down, unable to recover from the roughly $50M exploit it suffered in October 2024. After 18 months of trying to rebuild, the DAO said it couldn't recover meaningful funds or raise fresh capital, and "no longer has a viable path forward." The October 2024 attack hit Radiant's Arbitrum and BNB Chain deployments after an attacker deployed a backdoor contract for unauthorized access, draining ~$51M. It followed an earlier 2024 flash loan attack that took ~1,900 ETH (~$4.5M at the time). The protocol now moves…
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