Radiant Capital Restores Base Network Lending Market
On November 4, lending protocol Radiant Capital tweeted that the Base network lending marketplace is back and fully operational, following the successful restoration of the lending marketplace on the main Ether network this week. The delay was due to additional transactions required after the activation of the time lock, which involved moving the Emergency Administrator role to a new multi-signature. This multi-signature is now operational and will be used for emergencies only, with permissions limited to suspending and resuming the marketplace if necessary.
In previous news from Foresight News, Radiant Capital announced that its Radiant lending marketplace on the BNB Chain and Arbitrum networks had been hacked, resulting in losses of approximately $58 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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