Radiant DAO's Bold Move: Millions of Dollars in Vulnerability Losses Expected to be Compensated!

On May 13, the Radiant DAO community proposed a significant initiative, introducing a compensation plan for victims of the "infinite authorization vulnerability," sparking heated discussions! This not only concerns the staggering loss of $7.7 million on Arbitrum and BNB Chain on October 16, 2024, but also includes a subsequent impact of $1.2 million in the first quarter of 2025. With a total compensation of nearly $9 million, how will Radiant DAO turn the tide this time?

Highlights of the compensation plan: The community plans to deploy smart contracts on Arbitrum to distribute funds based on user loss proportions. Stolen tokens will be converted into a single stablecoin at market price (with balances below $1 being set to zero), allowing users to check progress at any time through a dedicated portal. Compensation will be carried out in phases and is expected to take several years, prioritizing users of the RFP-47 proposal, with remaining funds redistributed to other victims. More excitingly, if the stolen funds are recovered, all affected users will receive a proportional share!

Background of the incident: In October 2024, Radiant Capital was hacked due to a multi-signature permission vulnerability, resulting in losses of up to $51 million, shocking the DeFi community. Early in 2025, the residual effects of the vulnerability led to an additional loss of $1.2 million. The community acted swiftly to launch this compensation plan, demonstrating the accountability and efficiency of DAO governance.

Risk Warning: Although the proposal is filled with sincerity, it relies on funding from partners. If the funds do not materialize, compensation may fall through. Radiant DAO's determination is inspiring, but the effectiveness of future execution remains to be seen.

Community Discussion: On platform X, DeFi players have mixed opinions about this plan. Some praise Radiant DAO's responsible attitude, while others are concerned about the long compensation period. What do you think? Feel free to join the discussion on X! Want to know more? Head to the official Radiant Capital forum or X account to track the latest updates!