Radiant Capital Suspends Loan Market Amidst $58 Million Network Security Breach
Radiant Capital, a DeFi investment firm, has temporarily suspended its loan market following network security breaches on BNB Chain and Arbitrum. The breaches are estimated to have caused losses of approximately $58 million, according to De.Fi, a Web3 security company.
The Radiant team is currently collaborating with several security firms to address the vulnerability and restore the loan market. They will provide updates as soon as they become available.
