Radiant Capital: The proposal for the remediation plan is about to be resubmitted to the DAO for voting.

2024-12-30 15:27:00

PANews reported on December 30th that Radiant Capital, a multi-chain lending protocol, made an update on the X platform regarding the $58 million attack in October. ① Recovery of lost funds and fundraising for assistance: Relevant work is in progress, but significant progress or positive updates have not been made yet. ② Remediation plan: A comprehensive community proposal is about to be resubmitted to the DAO for voting. After the review and mediation phases by the council, the process is expected to be smoother. A separate proposal for the loss of unlimited authorization will be drafted in the first quarter. This is still a complex and sensitive issue that needs to be handled with caution. ③ Council elections: Another proposal is in the community collaboration stage and will soon begin the governance process to elect a new community council to replace the inaugural council according to the DAO charter. Subsequent council elections will be held annually.

RDNT-1.66%

X-5.22%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

4 Likes