Radiant Capital (RDNT) is a cryptocurrency protocol that enables cross-chain lending and borrowing, providing flexibility to its users by combining different blockchain networks into a single platform. As the native currency of the platform, the RDNT token offers various functions such as voting rights in governance processes, rewards to users who provide liquidity, and payment of transaction fees. In this way, users can manage their financial transactions more efficiently by gathering assets from different blockchains under one roof.
RDNT, down 9.88% in the last 24 hours and at the time of writing, is among the day's decliners. Blockchain-based lending protocol Radiant Capital was hacked for the second time this year, losing more than $50 million. Attackers compromised three private keys in the blockchain contracts used by Radiant and stole many tokens such as USDT, USDC, WBNB, ETH. The attack is thought to be a phishing attempt or an inside job. The RDNT price may have plummeted after this attack.
