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Radiant Capital to Wind Down Operations After Failing to Recover From $50 Million Exploit
Radiant Capital announced that its DAO will begin a gradual wind-down after failing to recover from the October 2024 exploit, secure new financing, or restore growth. The protocol will remain operational for withdrawals, loan repayments, and position management, while development and expansion efforts will cease. Borrowing caps will be reduced to zero and RDNT incentives will be discontinued. The exploit resulted in losses of more than $50 million. — link