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Radiant Capital DAO will begin an orderly wind-down after failing to recover enough funds from its October 2024 exploit, secure new investment or win grants needed to keep the protocol running.
Radiant said active development stops immediately because it no longer has a viable path to continue operating at full scope.
Users Can Withdraw and Repay Through 2026
Radiant said its website and front-end will remain live through the end of 2026. Users will still be able to withdraw funds, repay loans, manage or close positions, vest rewards and unlock or withdraw DLP.
Borrowing has been disabled across Core and RIZv1 markets, while RDNT emissions have ended. Treasury spending will now be limited to essential operations. That includes user support, claims infrastructure, forensic tracking and work with zeroShadow.
October 2024 Hack Left no Rebuild Path
Radiant said the break point was its October 2024 exploit, which cost the protocol more than $50 million and damaged its ability to rebuild. In a December incident update, the team said Mandiant linked the attack to AppleJeus, a North Korea-aligned threat cluster.
Radiant said attackers compromised developer devices and used that access during a multisig signing process. The October attack followed an earlier January 2024 incident involving about 1,900 ETH. Those losses left the DAO with less capital, weaker user confidence and no viable runway for a full recovery.
Recovery Portal Stays Live for Future Claims
Radiant said the wind-down does not end efforts to return value to affected users. The remediation portal will remain live indefinitely. Any assets recovered later are expected to be distributed through claim contracts or Merkl.
The protocol is now moving into maintenance mode instead of rebuilding. Its remaining work will focus on user support, claims and any future recovery of stolen funds.
