Radiant Capital Winds Down to a $2M Husk, 20 Months After DPRK-Linked $50M Heist

Kwon Crash

Published Jun 1, 2026, 6:50 PM UTC

Source: CryptoSource
- Radiant Capital, the cross-chain lender that lost $50M to a DPRK-linked hack in October 2024, has officially become a digital ghost town. Once holding $300M+ in deposits, it now sits at a pathetic $2.21M TVL with a sub-$2M market cap and zero major exchange listings. Mandiant traced the exploit to North Korea, but the real tragedy is the slow bleed into irrelevance. It’s not just a heist; it’s a masterclass in how quickly "trustless" finance can turn into a trust-less husk. The moonboys who bought the dip are now buying dust. A stark reminder that when state actors target your code, your liquidity doesn’t just vanish—it evaporates into thin air. RIP Radiant.