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via The Block · By The Block Editorial

Unable to recover from roughly $50 million hack, Radiant Capital is winding down

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The Block Editorial

(07:33 PM UTC)

1 min read

Verified byJames Mitchell

868 views

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After spending 18 months trying to get back on track, Radiant Capital said Monday it is calling it quits, unable to recover from a roughly $50 million hack.

Radiant Capital said it hasn't been able to recover a meaningful amount of funds since the 2024 exploit or raise fresh capital, so it plans to close operations, the firm said in an X post.

"The DAO no longer has a viable path forward,"…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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