Radiant Recovery Based Online Lending Market
On November 3rd, Radiant Capital said in a post on X that following the successful resumption of the lending market on the Ethereum mainnet this week, the Base network lending market has also been restored and is fully operational. The delay is due to the need for additional transactions after the activation of the time lock, involving the transfer of the emergency administrator role to the new multi-signature. This multi-signature is now operational and is for emergencies only, with permissions limited to suspending and resuming the market when necessary.
Previously reported, Radiant Capital official post on social media review said that the protocol experienced a highly complex security bugs on the 16th, resulting in a loss of $50 million. Attackers used highly advanced malicious software injection to exploit multiple developers' hardware wallets.