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Radiant Capital suspends lending market on Arbitrum for further investigation

Radiant Capital suspends lending market on Arbitrum for further investigation

CointimeCointime2024/01/03 09:41
By:Cointime

According to a post by Radiant Capital on X, there have been reports of issues with the newly created native USDC market on Arbitrum. After verification by Radiant developers and the wider Web 3 security community, the Radiant DAO committee has temporarily suspended the lending market on Arbitrum.No action can be taken until the market on Arbitrum is released from suspension. Once the issue is fully resolved, a detailed post-mortem analysis will be released and the Arbitrum protocol will resume normal operation.

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