Radiant Capital Shuts Down After Major Hack and Losses
Decentralized finance (DeFi) protocol Radiant Capital, built on LayerZero, has announced its shutdown after a $50 million exploit in October 2024. The incident led to an irreversible decline in total value locked (TVL), which dropped to around $75 million and failed recovery efforts have made the platform unsustainable.
Topics: cryptocurrency DeFi platform shutdown security breach