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Radiant Capital initiates debt repayment after $4.5M flash loan exploit

Radiant Capital, a cross-chain lending protocol, has embarked on a path to recover from a recent flash loan exploit that resulted in a substantial loss of $4.5 million. In a bid to rectify the situation, Radiant Capital has taken proactive steps to clear its bad debt, expecting to achieve full debt repayment within the next 90 days. Radiant Capital has successfully executed an initial payment amounting to 1,190 Ether (approximately $2.6 million), leaving approximately 720 ETH (equivalent to $1.6 million) in bad debt yet to be resolved. The repayment process is being carried out by the RFP-27 proposal, which garnered substantial support from the Radiant community and passed.

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