Radiant Capital
It spent 18 months trying to recover from one hack, then stopped
A cross-chain lending and borrowing market, run by a DAO, where users could deposit on one blockchain and borrow on another.
- Capital raised (announced)
Recorded announced backing; this is separate from cash received, customer deposits and money recovered.
- Lost in the October 2024 exploit
- Estimated
CoinDesk’s 16 October 2024 report, citing security experts and blockchain data; not the amount still unrecovered.
Funding
| Round | Date | Announced | Investors |
|---|---|---|---|
| Strategic investment | 2023 |
|
Announced is what was said at the time. Cash actually received is rarely disclosed and is not assumed to match.
People
| Name | Role | Period | Now | Last checked |
|---|---|---|---|---|
| George Macallan | — | Not established | Oct 2026 |
Timeline
July 2022
10 February 2023
The upgrade was scheduled for 16 February 2023 and promised deployment on further blockchains.
20 July 2023
The project planned new collateral types and deployment on Ethereum mainnet.
January 2024
Reported as a flash loan attack that drained about 1,900 ETH.
16 October 2024
Security firms said an attacker obtained three of the eleven keys controlling the protocol, enough to upgrade its contracts. Markets on Base and Ethereum were paused.
1 June 2026
How it ended
Hack or exploit
On 1 June 2026 the Radiant DAO said it no longer had a viable path forward: it had recovered no meaningful share of the funds lost in the October 2024 exploit and had not raised new capital. Development stopped and the protocol moved to a maintenance state, with its contracts and front end left online so users could withdraw, repay and manage positions. It said any funds later recovered would be returned to those affected.
Still alive
Open spot
Radiant Capital is gone. Is your lending protocol still running?
Spotlight your project here.
Sources
6 sources behind this page.
- 1Arbitrum-Based Radiant Capital Targets Outsized Platform Profitability With V2 Launch · CoinDesk · Feb 2023
- 2Binance Labs Invests $10M in DeFi Lender Radiant, RDNT Jumps 10% · CoinDesk · Jul 2023
- 3Radiant Capital Loses $50M to Second Blockchain Exploit This Year · CoinDesk · Oct 2024
- 4Radiant Capital Shuts Down After Failing to Recover From US$50M Hack · Crypto News Australia · Jun 2026
- 5Binance Labs Pours $10 Million into Cross-Chain DeFi Lender, Radiant Capital · Cryptonews · Jul 2023
- 6Unable to recover from roughly $50 million hack, Radiant Capital is winding down · The Block · Jun 2026
Every figure above is clickable and opens the sources behind it. Copies were stored when each source was read, so a citation still resolves after the page it came from is gone.