Loopscale, a decentralized finance (DeFi) protocol built on Solana, has suspended its lending operations following a $5.8 million exploit.The incident occurred on April 26, when a hacker drained 5 ...

The exploit occurred on April 26, when manipulation of Loopscale’s RateX PT token pricing functions led to the theft of approximately $5.7 million in USDC (USDC) and 1,200 Solana (SOL) from its ...

Loopscale’s Swift Recovery After $5.8 Million Breach On April 26, Loopscale, a decentralized finance lending platform, was hit with a $5.8 million breach.

Loopscale suffers hack, bounty negotiations ongoingOn Saturday (April 26), approximately US$5.8 million of USDC and SOL were stolen from the Solana-based DeFi protocol Loopscale.

Solana (CRYPTO: SOL) holders are no stranger to risk, given the coin's wild volatility and its occasional use by unsavory characters. With such a risky profile to begin with, investors need to be ...