Radiant Capital DAO to Wind Down After $50M Exploit Loss

Radiant Capital has announced that its Decentralized Autonomous Organization (DAO) will initiate a gradual wind-down process. According to NS3.AI, this decision follows the protocol's inability to recover from an exploit that resulted in losses exceeding $50 million. Despite the wind-down, the protocol will continue to allow users to make withdrawals, repay loans, and manage their positions.