Radiant Capital: The remedial plan proposal has entered the DAO voting stage
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PANews|Jan 27, 2025 14:58
In response to the approximately $58 million attack in October last year, the multi chain lending protocol Radiant Capital announced on the X platform on January 25th that "after multiple rounds of collaboration and mediation, the community initiated RFP-47 (also known as the remediation plan) has been officially submitted to Radiant DAO for a 14 day vote.
The proposal is based on a 14 day community survey that provides a clear direction on how to allocate funds to core market deposits on the Arbitrum and BNB chains that have been hacked for remediation, but does not mention how to raise these funds.
Furthermore, the proposal does not address the issue of unlimited authorization losses. The first community committee (pending DAO voting approval) will submit proposals in the first quarter of 2025 to seek guidance from the community on fundraising, remediation of unlimited authorization losses, and other related decisions and activities
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