Is Radiant Capital Safe?
Risk Grade: D+ (62/100)
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
Risk Score Breakdown
Radiant Capital's highest risk area is Interaction Severity (20/20). Here's how each dimension contributes to the overall 62/100 score:
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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