Radiant Capital has announced a phased wind-down of its operations, with the protocol entering maintenance mode.

June 1, cross-chain lending protocol Radiant Capital (RDNT) announced it’s initiating a "Project Sunset" procedure. The DAO explained that after 18 months of hard work following an October 2024 security breach, the project can’t move forward meaningfully anymore: there’s been no meaningful recovery of stolen funds, no additional capital secured, and operational funds have been completely depleted. The protocol won’t shut down right away—instead, it’s entering maintenance mode. The frontend interface will stay online, and on-chain smart contracts will remain accessible, so users can still withdraw assets, repay loans, and manage their positions as needed. All development work stops immediately: borrow caps are set to zero, RDNT token incentives are paused, and treasury funds will only cover essential operational costs. The team’s focus now is on user security, ongoing fund recovery efforts, and an orderly exit process. Crucially, halting operations doesn’t mean giving up on getting funds back. The claims portal will stay open, and if any stolen assets are recovered in the future, they’ll be returned to affected users. On-chain tracking, evidence collection, and asset recovery work are still ongoing. Even with development wrapped up, the on-chain infrastructure will keep running to let users exit safely and manage their associated risks.