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Radiant’s TVL slumped from $386.8 M to $5 M after a Lazarus Group hack in Oct 2024, prompting a 4.2% token drop and a shift to maintenance mode.
Radiant Capital announced it will move into a maintenance state after its total value locked (TVL) collapsed to roughly $5 million following a North Korean Lazarus Group hack in October 2024, leaving the RDNT token down 4.2% on the news.
| At a glance | |
|---|---|
| TVL before hack | $386.8 M (Dec 2023) |
| TVL after hack | $5 M (within a month) |
| Token price move | –4.2% on announcement |
| Catalyst | Lazarus Group exploit (Oct 2024) |
Radiant’s TVL peaked at $386.8 million in December 2023, a level that stood out even as the broader crypto market’s TVL was falling [1]. The October 2024 exploit by North Korea’s Lazarus Group triggered an immediate plunge to $75 million, and the protocol’s TVL continued to erode to about $5 million by the end of that month [1]. This loss represents a >98% decline from its peak, underscoring the severity of the breach.
Following the announcement that the DAO would cease development and upgrades, the RDNT token slipped 4.2% in trading [1]. The token, which once reached an all‑time high of $0.58 in September 2022, is now quoted at a fraction of a cent, reflecting both the loss of confidence and the diminished utility of the platform [1]. Radiant will keep its frontend and smart contracts accessible, allowing users to withdraw, repay, and manage positions, but the DAO will no longer fund further upgrades [1].
Radiant’s shift to a maintenance mode highlights how a single exploit can dismantle a fast‑growing DeFi protocol, leaving users to navigate a dramatically reduced asset base while the broader market watches for any signs of fund recovery.
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