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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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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 4 outlets · Aug 1, 2026 · How we report
He argues that banks cannot provide programmable money and micropayments, which crypto can deliver natively, keeping humans involved in autonomous economic decisions.
It offers smart wallets with programmable spending rules, escrow that releases payment after verified service delivery, and a reputation registry based on on‑chain transaction history.
Its total value locked fell to $5 million, the DAO stopped development, and the protocol entered a maintenance state allowing users to withdraw, repay, and manage positions.