Cross-chain lending protocol Radiant can no longer sustain itself! After being hacked, it announced a “complete stop to development” of $50 million, and starting today it will temporarily suspend lending and $RDNT issuance.

Unable to withstand the capital depletion caused by hacker attacks! Cross-chain lending protocol Radiant Capital ($RDNT) shockingly announced today that the DAO has officially entered the "Sunsetting" phase, fully halting active development and expansion. The team admitted that after experiencing two major hacker attacks in 2024 (losses exceeding $50 million USD), they have been unable to recover funds after 18 months and have exhausted operational reserves. Effective immediately, the protocol will suspend new lending, terminate token issuance, and the frontend website and smart contracts will switch to "maintenance and recovery mode," urging users to withdraw their funds as soon as possible.
(Background: Hacker cracked 100 ETH locked in an ICO from 9 years ago, a move to unlock and fully reclaim the smart contract)
(Additional context: Resolv hacker incident concluded — official announced USR and RLP token compensation plans, and revealed a transition to launch RWA platform Vault Street)

Table of Contents

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• Two hacker attacks as fatal blows, operational funds declared exhausted
• Three major changes effective immediately: stop lending, end issuance
• Ongoing efforts to recover stolen funds, leaving a painful lesson for DeFi 3.0

Once a star project in the cross-chain lending space, Radiant Capital ($RDNT) ultimately could not survive the deadly blow from hacker attacks and officially announced its end.

According to a long post published today (June 1, 2026) on Radiant Capital’s official X account (@RDNTCapital) and Medium, the DAO has decided to officially enter the "Sunsetting" phase, ceasing all active development and fully shifting into maintenance and fund recovery mode.

Two hacker attacks as fatal blows, operational funds declared exhausted

The trigger for Radiant’s sunset was two devastating blows in 2024:

2. January 2024 flash loan attack: Loss of about 1,900 ETH, at that time the DAO was forced to use treasury funds to cover bad debts.
3. October 2024 major hacker incident: Losses exceeding $50 million USD, which have yet to be effectively recovered.

The team openly admits that over the past 18 months of self-rescue efforts, governance was transferred from the founders to the community council, with a focus on security and user support; but the harsh reality is: no funds have been recovered from the theft, no new capital has been injected, and the treasury no longer has enough runway to sustain development. With no funds and no growth momentum, the protocol can no longer maintain viable operations.

Three major changes effective immediately: stop lending, end issuance

Although announcing the sunset, Radiant emphasizes that "this is not an immediate shutdown," but an orderly wind-down and risk management process. To ensure user safety and protect remaining assets, the following changes will take effect immediately:

| Operation Item | Current Status and Handling Method | | --- | --- | | Lending Function | All market lending limits set to 0 (completely disable new lending). | | Token Economics | Fully stop $RDNT token emissions. | | User Asset Operations | Smart contracts remain immutable; frontend continues normal operation. Users can still withdraw, repay, and manage positions. | | Community and Customer Support | Discord and Telegram chat functions are immediately closed; only a small team will handle customer support, response times will be longer. |

The team strongly recommends all users to actively reduce exposure and close positions as soon as possible. Remaining treasury funds will only be used for essential operations (such as server maintenance and user support), with future focus shifting entirely to "user safety, fund recovery, and orderly exit."

Ongoing efforts to recover stolen funds, leaving a painful lesson for DeFi 3.0

Regarding the compensation concerns of affected users, Radiant promises that the recovery work will continue. The official collaboration with security firm zeroShadow for forensic tracking will not stop, and the remediation portal will remain permanently open. Any recovered funds in the future will be proportionally distributed to affected users.

At the end of the long post, the Radiant team also shared a painful lesson from their own experience, offering a sobering warning for the future of "DeFi 3.0." They believe that future DeFi protocols must recognize that: "Security is no longer an optional feature, but the core product." Future capital will be dominated by institutional-grade allocators who prioritize risk isolation, transparency, and extreme stress testing. Protocols must be designed from the start with the assumption that "they will be hacked," and incorporate risk separation and post-attack recovery mechanisms.

Radiant, as a protocol, will not disappear overnight, but its glorious active years have officially come to an end. Whether the community will take over and revive the Radiant Foundation (based in the Cayman Islands) with its brand IP remains to be seen, pending long discussions and proper handling of affected users.