Radiant Capital (RDNT), a decentralized financial lending protocol, announced Monday that it will be shut down, nearly two years after hackers drained $50 million from the platform in a sophisticated malware attack.
The protocol, which powers cross-chain lending across multiple networks, was bargaining In October 2024 when attackers used a “highly advanced malware injection” to compromise multiple developers’ hardware wallets.
The Safe {Wallet} front-end exposes legitimate transaction data while the poisoned transactions are executed in the background, with the breach occurring during the routine multi-signature emission modification process.
According to Radiant Capital’s anatomy:
“The devices were compromised in such a way that the front end of Safe {Wallet} (fka Gnosis Safe) exposed legitimate transaction data while poisoned transactions were signed and executed in the background. This compromise occurred during routine multi-signature emission tuning, which is done periodically to adapt to market conditions and usage rates.”
Radiant worked with US law enforcement and web security company 3 ZeroShadow to try to freeze the stolen assets. The efforts had limited success. Onchain data tracked by analytics firm Lookonchain showed that the hacker converted the stolen funds into approximately 21,957 Ethereum (ETH), then began selling in August 2025 at an average price of $4,562 per coin, recording a 93.5% profit on the loot.
The original RDNT token was trading at $0.022 as of August 2025.
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