In response to the roughly $58 million attack in October, multi-chain lending protocol Radiant Capital released an update on the X platform saying:
1. Recovery of lost funds and collection of rescue funds: relevant work is underway, but no significant progress has been made or actively updated.
2. Remediation plan: A comprehensive community proposal is about to be submitted to the DAO for a vote again, and the process is expected to be smoother after going through the board review and mediation stages; Quarter 1 is expected to draft a separate proposal for the loss of unlimited authorization; this remains a complex and sensitive issue that requires careful handling.
3. Board Elections: Another proposal is in the community collaboration phase and is about to begin the governance process to elect a new community board to replace the inaugural board as stipulated in the DAO's charter; thereafter, board elections will be held annually.
Radiant Capital: Recovery of lost funds and fundraising of rescue funds underway
2024-12-30 14:07:08
Targeted October January $58 million Attack Incident Multi-chaindesk3cryptocurrencydesktopCrypto News
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