Why is Radiant Capital shutting down?

Radiant Capital said it could not establish a viable path forward after losing $50 million in an October 2024 exploit attributed to the Lazarus Group. The protocol cited its inability to recover stolen funds, secure new funding and maintain sufficient operational runway.

Is Radiant Capital completely shutting down?

No. Radiant will move into a maintenance state rather than fully shutting down. Users will still be able to access the frontend, interact with smart contracts, withdraw funds, repay loans and manage existing positions.

What happened in the Radiant Capital hack?

In October 2024, Radiant Capital was exploited for approximately $50 million in a cyberattack linked to North Korea's Lazarus Group. The attack severely damaged user confidence and triggered a sharp decline in the protocol's assets.

How badly did the hack affect Radiant Capital?

The impact was significant. Radiant's total value locked (TVL) fell from around $386.8 million at its peak in December 2023 to approximately $75 million after the exploit, before dropping further to roughly $5 million within weeks.

What can current Radiant users do now?

Users can continue managing their positions through the protocol's existing infrastructure. Radiant has advised users to actively manage risk and reduce exposure as the platform transitions into maintenance mode.

Will Radiant continue developing new features?

No. The protocol's decentralised autonomous organisation (DAO) will stop contributing to development, upgrades and expansion initiatives. The platform will remain operational, but active growth efforts will cease.

What happens to recovered funds from the hack?

Radiant said it will continue pursuing recovery efforts through its remediation programme. Any funds recovered from the exploit are expected to be returned to affected users.

How did the market react to the wind-down announcement?

The RDNT token fell 4.2% following the announcement. RDNT remains far below its all-time high of $0.58 reached in 2022 and now trades at a fraction of that value.

Image for illustrative purposes only. Not a real photo.

Radiant Capital to wind down after hack recovery failure

Written by Liezl GambePublished Jun 2, 2026, 2:56 AM

Radiant Capital has announced plans to wind down operations after failing to establish a viable path forward following a $50 million exploit linked to North Korea's Lazarus Group in October 2024.

The protocol's decentralised autonomous organisation said it was unable to recover the stolen funds, secure new capital or maintain sufficient financial resources to continue operating responsibly.

Contributors and community members continued supporting the platform under increasingly difficult conditions, but the project said ongoing operations were unsustainable without meaningful recovery, fresh funding or renewed growth.

Radiant launched in 2022 as a cross-chain lending platform designed to provide liquidity across multiple blockchain networks and experienced rapid expansion throughout 2023.

The protocol's total value locked peaked at approximately $386.8 million in December 2023 before collapsing after the exploit, falling to $75 million and then declining further to roughly $5 million within weeks.

Rather than fully shutting down, Radiant will move into a maintenance phase in which its frontend and smart contracts remain operational, allowing users to withdraw assets, repay loans and manage existing positions.

“Users are encouraged to actively manage risk and reduce exposure,”

The protocol said.