Radiant Capital Updates on October Attack Recovery Efforts

According to Odaily, Radiant Capital, a multi-chain lending protocol, has provided an update on the October attack that resulted in approximately $58 million in losses. The platform shared the following developments on X: 1. Recovery and Fundraising: Efforts to recover the lost funds and raise rescue capital are ongoing, but there have been no significant advancements or positive updates so far. 2. Remediation Plan: A comprehensive community proposal is set to be resubmitted to the DAO for voting. After undergoing council review and mediation, the process is expected to proceed more smoothly. A separate proposal addressing unlimited authorization losses is anticipated to be drafted in the first quarter. This remains a complex and sensitive issue requiring careful handling. 3. Council Elections: Another proposal is in the community collaboration phase and will soon enter the governance process to elect a new community council. This will replace the inaugural council as per the DAO's charter. Subsequent council elections will be held annually.