Radiant Capital Restores Base Network Lending Market

On November 4, lending protocol Radiant Capital tweeted that the Base network lending marketplace is back and fully operational, following the successful restoration of the lending marketplace on the main Ether network this week. The delay was due to additional transactions required after the activation of the time lock, which involved moving the Emergency Administrator role to a new multi-signature. This multi-signature is now operational and will be used for emergencies only, with permissions limited to suspending and resuming the marketplace if necessary.
In previous news from Foresight News, Radiant Capital announced that its Radiant lending marketplace on the BNB Chain and Arbitrum networks had been hacked, resulting in losses of approximately $58 million.