Radiant Capital Restores Lending Markets on Ethereum and Base Networks

According to BlockBeats, on November 3, Radiant Capital announced on X that it has successfully restored the lending market on the Ethereum mainnet and the Base network, which is now fully operational. The delay in restoration was due to the need for additional transactions after activating the time lock, involving the transfer of the emergency administrator role to a new multi-signature. This multi-signature is now operational and is only used for emergencies, with permissions limited to pausing and resuming the market when necessary. Previously, on October 18, Radiant Capital's official social media account reviewed a highly complex security breach that occurred on October 16, resulting in a $50 million loss. The attackers exploited multiple developers' hardware wallets through highly advanced malware injections.