Multi-chain lending protocol Radiant Capital resumes Base network lending market

PANews reported on November 3 that the multi-chain lending protocol Radiant Capital announced on the X platform that, following the successful resumption of the ETH market earlier this week, the Base market has also resumed and is now fully operational. The latency is 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. This multi-signature is now in use and is only used for emergencies, with its authority limited to pausing and resuming the market when necessary. Earlier news, Radiant Capital suspended its loan market due to a vulnerability attack, with an estimated loss of about 58 million US dollars.