Radiant Capital Temporarily Suspends Markets on Arbitrum Due to USDC Issue
Radiant Capital, a digital security firm, has temporarily suspended its lending and borrowing markets on Arbitrum, a Layer-2 scaling solution, due to an issue with the newly created native USDC market. The firm acknowledged the problem on Twitter and assured users that no current funds are at risk. Radiant Capital plans to publish a postmortem after resolving the issue. The suspension of markets on Arbitrum was implemented while the problem is being investigated.
Hot Take: Radiant Capital Takes Swift Action to Address USDC Issue
Radiant Capital has taken swift action to address the USDC issue on its platform. By temporarily suspending the lending and borrowing markets on Arbitrum, the firm demonstrates its commitment to user safety and security. While the investigation is ongoing, users can rest assured that their funds are not at risk. Radiant Capital’s proactive approach in addressing the issue and providing transparency through a postmortem shows their dedication to maintaining a trustworthy platform for their users.
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