Radiant Capital (RDNT)

Spotlighting our expert reviews on: @RDNTCapital

Our OG expert reviewers note that Radiant Capital $RDNT once showed strong promise as a cross chain lending protocol with significant TVL growth, but repeated security failures severely damaged trust and ecosystem momentum.

Can Radiant rebuild credibility after repeated security failures or has the damage to trust become irreversible?

More on the OG audit review and the project info here: ogaudit(.)com/crypto/radiant-capital-rdnt
https://t.co/U8vRWbNuJ7

15/ In October 2024 Radiant Capital was hacked by Lazarus Group (Apple Jeus) for $58M.

The attacker drained USDC from victims via open approvals and chainhopped from Hyperliquid to Arbitrum using USDC.

Multiple instances had USDC sitting in theft addresses for hours with no freeze action from Circle.

Theft addresses
0x52263cAEc2e144C3A84cc16d014157360Ac85A89
0x00E1559184Bf1da0256a495ae9BAec11BCA60eb7
0x7997e80F4bD9563d61EE4D06108f7D6cEB23Ab21
0x60ABA279E49E5A05DC7e3c84F2204a6Afb032119
0x5b10daEdC2D7B5CE47f6B3072188f758f1b14481
0x34aa91e574aa963675107011DcF0392C5521005a
0x348FC4DfdCD3427D8A4B43Ad965B4443d55CF955

Wu says he learned that, according to on-chain analyst Yu Jin, YZi Labs has transferred 8750万枚 RDNT (approximately $470,000) to Binance, seemingly to liquidate in response to the token delisting on April 1. It is reported that these tokens were unlocked by the institution over the past two years, with a total valuation at the time of unlocking of about $3.86 million. Their current value has shrunk by nearly 88% to only $470,000.
https://t.co/T9CNB4oCcq