Radiant Capital: The recovery of lost funds and the fundraising for rescue funds are ongoing, with no significant progress made yet

ChainCatcher message, regarding the attack incident of approximately 58 million dollars in October, the multi-chain lending protocol Radiant Capital released an update on the X platform stating:

1. Recovery of lost funds and fundraising for rescue: Relevant work is ongoing, but no significant progress or positive updates have been made yet.
2. Remediation plan: A comprehensive community proposal is about to be submitted to the DAO for voting again. After the council's review and mediation phase, the process is expected to be smoother; a separate proposal addressing unlimited authorization losses is expected to be drafted in the first quarter; this remains a complex and sensitive issue that needs to be handled with care.
3. Council elections: Another proposal is in the community collaboration phase and is about to begin the governance process to elect a new community council, replacing the first council according to the DAO charter; thereafter, council elections will be held annually.