DeFi protocol Radiant to wind down after failing to recover from 2024 hack
CoinTelegraph·
60-second summary
Radiant is winding down its operations after failing to recover from a 2024 hack, despite maintaining frontend and smart contract access for users. Users can still withdraw, repay, and manage positions, but no new deposits or borrowing will be allowed. This move may impact DeFi users' trust in vulnerable protocols and their long-term stability.
Radiant says its frontend and smart contracts will remain accessible and users will still be able to withdraw, repay, and manage their positions.