Radiant Capital (RDNT), a financial lending protocol, announced on Monday that it is shutting down, almost two years after hackers took out $50 million from the platform in a serious malware attack.
The protocol, which used chain lending across multiple networks, was compromise in October 2024 when attackers used “a sophisticated malware injection” to breach several hardware wallets.
The end of Safe {Wallet} showed validations that occurred when poisoning events were performed in the background, and violations occurred during the exchange of many signatures.
According to research by Radiant Capital:
“These devices were compromised in such a way that the front of the Safe {Wallet} (fka Gnosis Safe) shows the authorizations that occurred when the killer trades were signed and executed in the background. This breach occurred during the process of changing many signatures, which are done from time to time to adapt to market conditions and usage patterns.”
Radiant worked with the US police and web3 security firm zeroShadow to try to stop the stolen content. The effort had little success. Onchain data tracked by the analytics company Lookonchain showed that the hacker converted the stolen coins to about 21,957 Ethereum (ETH), then started trading in August 2025 at an average price of $4,562 per coin, recording a 93.5% profit on the loot.
The native RDNT token was trading at $0.022 as of August 2025.
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