Radiant Capital (RDNT), a decentralized finance lending protocol, introduced Monday it’s shutting down, practically two years after hackers drained $50 million from the platform in a complicated malware assault.
The protocol, which operated cross-chain lending throughout a number of networks, was compromised in October 2024 when attackers used a “extremely superior malware injection” to breach a number of builders’ {hardware} wallets.
The front-end of Secure {Pockets} displayed professional transaction information whereas poisoned transactions had been executed within the background, with the breach occurring throughout a routine multi-signature emissions adjustment course of.
In accordance with Radiant Capital’s autopsy:
“The units had been compromised in such a approach that the front-end of Secure {Pockets} (f.okay.a. Gnosis Secure) displayed professional transaction information whereas poisoned transactions had been signed and executed within the background. This breach occurred throughout a routine multi-signature emissions adjustment course of, which takes place periodically to adapt to market circumstances and utilization charges.”
Radiant labored with US regulation enforcement and web3 safety agency zeroShadow to try to freeze the stolen property. The trouble had restricted success. Onchain information tracked by analytics agency Lookonchain confirmed the hacker transformed the stolen funds into roughly 21,957 Ethereum (ETH), then started promoting in August 2025 at a median value of $4,562 per coin, recording a 93.5% revenue on the loot.
The native RDNT token was buying and selling at $0.022 as of August 2025.
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