Radiant Capital shuts down after $50 million exploit, moves to maintenance mode for withdrawals
first published 2026-06-02T17:51:09Z
Radiant Capital said it is shutting down after failing to recover from a $50 million exploit in October 2024. The DeFi lending protocol will remain in maintenance mode so users can withdraw funds and manage existing positions while developers stop upgrades and continue efforts to recover stolen assets. RDNT fell 8% after the announcement.
AI Analysis
The protocol is shutting down after a $50 million exploit, with only maintenance mode remaining and continued recovery efforts; RDNT also fell 8% on the news.
Expected Investor Sentiment: Very Bearish
Potential Market Impact: Significant
