Multi-chain lending protocol Radiant Capital restores Base network lending market

PANews reported on November 3 that multi-chain lending protocol Radiant Capital said on the X platform that following the successful resumption of the suspension of the Ethereum market this week, the Base market has also been restored and is fully operational. The delay was due to the need for additional transactions after the activation of the time lock, involving the transfer of the emergency administrator role to a new multi-signature. This multi-signature is now in use and is only used for emergency situations, and its authority is limited to suspending and resuming the market when necessary.

Earlier news , Radiant Capital suspended its loan market due to a vulnerability attack, with an estimated loss of approximately US$58 million.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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