In response to an approximately $58 million attack in October, the multi-chain lending protocol Radiant Capital issued an update on the X platform stating:
1. Recovery of lost funds and raising of rescue funds: Relevant work is in progress, but has not yet made significant progress or been actively updated.
2. Remediation plan: A comprehensive community proposal will be submitted to the DAO for voting again. After the board review and mediation stage, the process is expected to be smoother; a separate proposal for unlimited authorization loss is expected to be drafted in the first quarter; This remains a complex and sensitive issue that needs to be handled with caution.
3. Board election: Another proposal is in the community collaboration stage and will soon begin the governance process to elect a new community board to replace the first board in accordance with the provisions of the DAO Charter; thereafter, board elections will be held annually .