{"id":608116,"date":"2026-06-02T02:53:11","date_gmt":"2026-06-02T02:53:11","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/06\/02\/defi-protocol-radiant-to-wind-down-after-failing-to-recover-from-2024-hack\/"},"modified":"2026-06-02T02:53:11","modified_gmt":"2026-06-02T02:53:11","slug":"defi-protocol-radiant-to-wind-down-after-failing-to-recover-from-2024-hack","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/06\/02\/defi-protocol-radiant-to-wind-down-after-failing-to-recover-from-2024-hack\/","title":{"rendered":"DeFi protocol Radiant to wind down after failing to recover from 2024 hack"},"content":{"rendered":"

\"DeFi<\/p>\n

Radiant says its frontend and smart contracts will remain accessible and users will still be able to withdraw, repay, and manage their positions.<\/p>\n

Crypto lending protocol Radiant Capital says it will start closing down as it failed to establish a \u201cviable path forward\u201d after North Korea exploited it for $50 million in October 2024.<\/p>\n

Radiant\u2019s decentralized autonomous organization said<\/a> in a blog post on Monday that its inability to recover the stolen funds, secure new capital and maintain a runway to continue operating responsibly forced it to wind down.<\/p>\n

It added<\/a> on X that contributors and community members had helped maintain the protocol under \u201cincreasingly difficult conditions,\u201d but it was not enough to sustain the protocol \u201cwithout recovery, capital, or growth.\u201d<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Radiant says its frontend and smart contracts will remain accessible and users will still be able to withdraw, repay, and manage their positions. Crypto lending protocol Radiant Capital says it will start closing down as it failed to establish a \u201cviable path forward\u201d after North Korea exploited it for $50 million in October 2024. Radiant\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":608117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-608116","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/608116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=608116"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/608116\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/608117"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=608116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=608116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=608116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}