Radiant restores the Base lending market

ChainCatcher news, Radiant Capital posted on X that after successfully restoring the lending market on the Ethereum mainnet this week, the lending market on the Base network has also been restored and is fully operational.

The delay was due to the need for additional transactions after activating the time lock, involving the transfer of the emergency admin role to a new multi-signature wallet. This multi-signature wallet is now operational and is only used for emergencies, with permissions limited to pausing and resuming the market when necessary.

Previous report, Radiant Capital's official social media post reviewed that the protocol experienced a highly complex security vulnerability on the 16th, resulting in a loss of $50 million. The attacker exploited multiple developers' hardware wallets through highly advanced malware injection.