ChainCatcher News: Regarding the approximately $58 million attack incident in October, multi-chain lending protocol Radiant Capital has released an update on platform X stating:
Recovery of lost funds and fundraising for rescue funds: Related work is ongoing, but no significant progress or positive updates have been made yet.
Remediation Plan: A comprehensive community proposal is about to be submitted again to the DAO for voting. After the council review and mediation phase, the process is expected to be smoother; it is anticipated that a separate proposal addressing unlimited authorization losses will be drafted in the first quarter; this remains a complex and sensitive issue that needs to be handled with care.
Council Elections: Another proposal is in the community collaboration phase and is about to begin the governance process to elect a new community council, replacing the first council as per the DAO charter; thereafter, council elections will be held annually.