Radiant Capital Resumes Arbitrum Markets Operations After Security Breach Radiant Capital has announced the reopening of its lending and borrowing markets on Arbitrum after an extensive security review.
According to Radiant Capital’s recent post,
this resumption came after a detailed review and resolution of the security breach that resulted in a significant loss of $4.5 million Ethereum. The review was completed
by OpenZeppelin, independent Ethereum researchers, and white hats.
Following this rigorous analysis
, the Radiant DAO Council unpaused market operations. Additional safeguards have been implemented to prevent similar incidents
in the future, with a focus on enhanced security protocols. “Users are free to use all available lending and borrowing markets,” said Radiant Capital in the announcement.
“Native USDC will be brought live over the coming days after additional reviews due to the increased complexity of doing so safely.”
To address any potential financial discrepancies arising from the pause,
the company disclosed plans for a Snapshot proposal. “A Snapshot proposal for the DAO regarding the methodology to repay the excess debt and fully recapitalize the Arbitrum WETH market will go up for a vote shortly,” said Radiant Capital.
