Radiant Capital announces that after being attacked in October 2024 and failing to recover funds, secure new financing, or restore growth over the long term, the DAO has no sustainable operational path and will enter a phased shutdown. The protocol frontend and on-chain contracts will continue to operate, allowing users to withdraw assets, repay loans, and manage positions, but all development, upgrades, and expansion plans will be halted, and the lending cap will be set to zero, with RDNT incentive distributions terminated. The team stated that future efforts will focus on user fund security, asset recovery, and an orderly exit.