# Radiant protocol winds down after October 2024 hack drops TVL to $5

**Published:** 2026-08-01T07:10:34.877Z  
**Topic:** Crypto Lending  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/fe8ac835-3523-41be-b76a-6fff5b1fb0bc

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) |

## Hack impact and TVL collapse  
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.

## Token reaction and protocol transition  
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].

## What to watch  
- **TVL recovery attempts** – Monitor the remediation portal for any reclaimed funds and subsequent TVL changes.  
- **RDNT price levels** – Watch for support around the current sub‑cent range; a breach could signal further token erosion.  
- **Future governance actions** – Any DAO proposals to revive development or liquidate remaining assets could shift market sentiment.  

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.

## Sources
1. The Cointelegraph — [Radiant to Wind Down After Failing to Recover From 2024 Hack](https://cointelegraph.com/news/defi-protocol-radiant-to-wind-down-after-failing-to-recover-from-2024-hack)
2. Hoodline — [Cliffside Stunner: Muennig’s Big Sur Hideaway Hits Market Again At $29.5 Million](https://hoodline.com/2026/07/cliffside-stunner-muennig-s-big-sur-hideaway-hits-market-again-at-29-5-million-7053711/)
3. USA Today — [More Americans are trying red light therapy—and new data shows why](https://www.usatoday.com/story/shopping/health-wellness/2026/07/28/red-light-therapy-bon-charge-devices/91084315007/)
4. The Valdosta Daily Times — [Patchology Introduces good day by patchology, A New Mood-Boosting Skincare...](https://pr.valdostadailytimes.com/article/Patchology-Introduces-good-day-by-patchology-A-New-Mood-Boosting-Skincare-Collection-Available-Exclusively-at-Ulta-Beauty/6a6777f90b3f8c6777520268)

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Cite as: TrendWatcher, "Radiant protocol winds down after October 2024 hack drops TVL to $5", https://www.trendwatcher.in/article/fe8ac835-3523-41be-b76a-6fff5b1fb0bc