Radiant DAO Proposes Compensation for Hack Victims

The Radiant DAO has proposed a compensation package for those affected by the $53 million hack in October 2024. This proposal comes in response to the breach of multiple DeFi platforms, impacting user funds and lending pools. The attack leveraged malware to infiltrate sensitive contracts on platforms like BSC and ARB, leading to substantial losses. The incident underscores ongoing security challenges within the DeFi space and raises concerns about trust and regulatory responses to such attacks.