Radiant: Will gradually cease operations, unable to continue development after the 2024 hacker attack

The DeFi protocol Radiant announced that after experiencing a hacker attack in October 2024, and after 18 months of continuous efforts, the DAO no longer has a viable path to continue operations and will gradually enter the "sunsetting" phase.

Currently, the project has no progress in recovering funds, no new capital injection, and lacks the funds and development space to maintain normal operations, thus it cannot continue responsible long-term operations.