Radiant Capital recently announced on X that their lending market on the Ethereum mainnet has been restored and is fully operational. The delay in restoring the market was caused by additional transactions required after activating the timelock, which involved transferring the emergency administrator role to a new multisig.
The multisig is now operational and can only be used for emergencies, such as pausing or resuming the market when needed. This news comes after Radiant Capital reported a security breach on October 16, resulting in a loss of $50 million. The attackers exploited hardware wallets from multiple developers using advanced malware injection.
