Radiant Capital is winding down operations nearly two years after its October 2024 exploit, citing failed recovery efforts, lack of fresh capital and an unsustainable operating runway

𝕏/@RDNTCapital •

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Borrow caps at zero and RDNT emissions off put Radiant in controlled-exit mode with roughly $1.2M TVL left against a sub-$2M token mcap, so the token is no longer even pretending to buy back liquidity. The October 2024 drain came through compromised signer devices and malicious contract upgrades on Arbitrum/BNB, which is a brutal lesson for every Aave fork: privileged-key security is part of the solvency stack. User replies are already focused on refunds, and that is where these wind-downs get messy, because “contracts stay live” does not mean claimants get made whole.

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Radiant Capital is winding down operations nearly two years after its October 2024 exploit, citing failed recovery efforts, lack of fresh capital and an unsustainable operating runway

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