Radiant Capital has restored the Ethereum lending market after the $58 million asset hack. 🚀

- On November 1, Radiant Capital announced improvements to the framework, transferring ownership to a timelock contract, requiring a 72-hour wait for any adjustments.

- The team added an emergency admin role with a multisignature structure, which can pause or reopen the lending market as needed.

- The DAO has enhanced multisignature security, reducing the number of required signers to 7, needing 4/7 signatures.

The hack on October 16 on BNB Chain and Arbitrum caused Radiant Capital to lose over $50 million. The hacker controlled the private keys of multiple signers and the smart contract, draining the assets.

- On October 18, Radiant Capital confirmed that the hacker injected malware into the devices of at least 3 key developers.

- The hacker moved approximately $52 million of stolen assets.

The issue of wallet signing in crypto

- On August 21, a phishing attack led to the loss of $55 million in stablecoins due to signing a transaction incorrectly.

- Ledger CEO Pascal Gauthier emphasized the need for clearer signing in crypto, collaborating with several entities to educate the community.

What do you think about these new security measures? Comment below! 💬