Is Radiant Capital Safe?
Risk Grade: D+ (61/100)
Radiant Capital is rated as high risk — extreme novelty, critical interactions, unproven at scale.
High risk — two major exploits in 2024 including a state-sponsored attack demonstrate fundamental security failures that a threshold increase alone cannot fix
A cross-chain lending platform where you can deposit on one blockchain and borrow on another. It holds just $5M in deposits after losing $53M to North Korean hackers in October 2024. Its F grade reflects two major exploits in a single year and a 98% collapse in deposits from $400M.
TVL
$2M
Mechanisms
6
Interactions
5
Value Grade
F
Key Risks for Radiant Capital Users
North Korean hackers stole $53M in October 2024 by compromising just 3 of the 11 people who controlled the protocol's master key
A separate $4.5M hack earlier in January 2024 exploited a different vulnerability -- two major hacks in one year
TVL crashed 98% from $400M to $5M. The protocol may not have enough revenue to fund security improvements or even keep running
Top Risk Factors
- •Two major exploits in 2024: $4.5M flash loan attack (January) and $53M multisig compromise by North Korean hackers (October)
- •3-of-11 multisig wallet governance was trivially compromised via INLETDRIFT malware targeting hardware wallet signing
- •TVL collapsed 98% from $400M to under $5M following exploits; protocol viability is severely in question
How Radiant Capital Compares to Peers
Radiant Capital ranks #88 of 90 Lending protocols (bottom quartile — among the riskiest). At a risk score of 61/100, it's 24 points riskier than the sector average of 37/100.
Adjacent peers: YieldBlox (D+, 58/100) is ranked just safer, and Abracadabra (D+, 62/100) is ranked just riskier.
See the full Lending sector leaderboard or the Radiant Capital vs Abracadabra comparison.
Common Questions about Radiant Capital
Plain-English answers based on Radiant Capital's scores across Hindenrank's 8 risk dimensions. The highest-scoring (riskiest) dimension is Interaction Severity (20/20).
Has Radiant Capital ever been hacked or exploited?
Radiant Capital has a documented incident history that materially raised its risk grade — the track record dimension scored 15/15, near the high end of the scale. Past exploits, governance failures, or contract issues are baked into this rating. Anyone considering deposits should review the incident details before allocating capital.
How much money is at stake in Radiant Capital?
Radiant Capital currently holds under $2M in user deposits — small enough that liquidity events could affect exits. Smaller TVL means individual depositors carry a larger share of any loss event, and it can be harder to exit a position quickly during stress.
What's the worst-case scenario for Radiant Capital?
Hindenrank has identified specific collapse scenarios for Radiant Capital. The most prominent: "Multisig Re-Compromise via Supply Chain Attack". The trigger condition is Attackers compromise signer devices again through malware, social engineering, or supply chain attack on hardware wallet firmware. Reading through the full scenario list on the protocol page is the single best way to understand the actual failure modes — generic "smart contract risk" is rarely the thing that takes a protocol down.
Is Radiant Capital regulated or insured?
Radiant Capital has low regulatory exposure on Hindenrank's framework (3/10). The protocol is structured in a way that minimizes counterparty and jurisdiction concentration, though regulatory risk in crypto can change rapidly. No DeFi protocol carries FDIC-style insurance — even with low regulatory risk, depositors are not protected in the way bank customers are.
What are the biggest red flags for Radiant Capital?
Hindenrank's retail-focused risk audit flagged: North Korean hackers stole $53M in October 2024 by compromising just 3 of the 11 people who controlled the protocol's master key A separate $4.5M hack earlier in January 2024 exploited a different vulnerability -- two major hacks in one year TVL crashed 98% from $400M to $5M. The protocol may not have enough revenue to fund security improvements or even keep running On the technical side, 3 critical-severity interaction risks have been identified.
Should beginners deposit into Radiant Capital?
Radiant Capital carries a D+ grade — among the riskiest protocols in Hindenrank's coverage. Beginners should not deposit here. Anyone considering a position should understand they may lose everything they put in, and should size accordingly.
How does Radiant Capital compare to safer Lending alternatives?
Radiant Capital is one protocol in Hindenrank's Lending coverage. The safest Lending protocols on the leaderboard tend to share three traits: a long incident-free track record, conservative mechanism design, and high-quality public documentation. Compare Radiant Capital against the full Lending ranking before committing capital.
For the full 8-dimension score breakdown, the radar chart, and dependency graph, see the Radiant Capital risk report.
Read the Full Radiant Capital Risk Report
This protocol has 3 collapse scenarios. 3 critical and 2 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
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