Radiant Capital Ends Operations After $50M Hack Recovery Fails

• Radiant Capital is shutting down active operations after a $50M hack and failed recovery efforts.
• The protocol will remain in maintenance mode, allowing users to withdraw funds and manage positions.
• Despite ongoing efforts, no stolen assets have been recovered and fresh funding could not be secured.

Radiant Capital will wind down its operations after failing to recover from a $50 million hack that hit the platform in October 2024. The decision follows 18 months of efforts to recover stolen funds, secure new financing, and keep the protocol running.

In a post on X, Radiant said it had not recovered any of the stolen assets and had failed to attract fresh capital. As a result, the protocol will end active development and move into a maintenance phase. Users will still be able to withdraw funds, repay loans, and manage existing positions.

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