Radiant Capital: There is a problem with the new native USDC market on Arbitrum, and lending on the chain has been suspended
Radiant Capital, a multi-chain lending protocol, announced that it has received reports regarding the newly created native USDC market on Arbitrum. After verification by Radiant developers and the wider Web3 security community, the Radiant DAO council has temporarily suspended the lending market on Arbitrum to further investigate the issue.
Radiant Capital stated that currently no funds are at risk. No action can be taken until the market on Arbitrum is fully restored to normal. Once the issue is completely resolved and normal operations are resumed on the Arbitrum protocol, a detailed post-analysis report will be released, which will be published after the investigation is complete.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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