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Radiant announces gradual shutdown: unable to continue development after 2024 hacker attack
Deep Tide TechFlow News, June 01,
DeFi protocol Radiant announced that after experiencing a hacker attack in October 2024,
after 18 months of continuous effort, the DAO no longer has a viable path to continue operations,
and will gradually enter the "sunsetting" phase.
Currently, the project has no progress in fund recovery, no new capital injections,
and lacks the funds and development space to maintain normal operations,
thus it cannot continue responsible long-term operation.
Radiant will shift to maintenance mode:
The front-end interface will continue to run,
on-chain smart contracts remain accessible,
users can still withdraw, repay, and manage positions,
but the project will cease all new feature development, upgrades, and extensions.
Although operations are gradually winding down,
the on-chain contracts remain functional,
and users need to manage risks themselves and gradually exit their positions.