Radiant Capital has resumed its Ethereum lending markets after a hack that resulted in an estimated loss of $58 million. In response to the breach, the lending protocol has implemented several security enhancements, including transferring ownership into a timelock contract that mandates a 72-hour waiting period for adjustments, aiming to strengthen security. Additionally, an emergency admin role was established using a multisignature structure to manage the lending protocol’s market conditions. The DAO also reduced the required number of signers for transactions to seven, with a four out of seven threshold to enhance security against single points of failure. The incident on October 16 prompted the halt of lending operations when attackers compromised the private keys of several core developers through malware. Security expert Patrick Collins commented on the event as a significant lesson for the DeFi sector, highlighting the need for better education and tools for transaction verification using hardware wallets. Meanwhile, most of the stolen funds have already been transferred by the hacker shortly after the exploit.

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