ChainCatcher News, Radiant Capital stated on X that after successfully restoring the lending market on the Ethereum mainnet this week, the Base network lending market has also been restored and is fully operational. The delay was due to the need for additional transactions after activating the time lock, involving the transfer of the emergency administrator role to a new multi-signature wallet. This multi-signature wallet is now operational and is only used for emergencies, with its permissions limited to pausing and resuming the market when necessary.

Earlier reports indicated that Radiant Capital officially recapped on social media that the protocol experienced a highly complex security vulnerability on the 16th, resulting in a loss of $50 million. The attacker exploited multiple developers' hardware wallets through highly advanced malware injection.