Solana-based lending protocol Loopscale was exploited for $5.8 million on Saturday, about two weeks after its launch on April 10. The attacker drained roughly 5.7 million USDC and 1,200 SOL ...

Loopscale was hacked on Saturday, roughly two weeks after its launch on April 10. The attacker used a series of undercollateralized loans to drain about 5.7 million USDC and 1,200 SOL.

Loopscale’s main USDC and SOL vaults yield APRs exceeding 5% and 10%, respectively. It also supports lending markets for tokens such as JitoSOL and BONK (BONK) and looping strategies for upwards ...

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 ...

Loopscale, a so-called decentralized finance (DeFi) protocol operating on the Solana blockchain, fell victim to a significant security breach, resulting in a loss of approximately $5.8 million.

Loopscale has recovered nearly $2.9 million after a $5.7 million exploit, as negotiations with the attacker move forward under a proposed bounty deal.

Mary Gooneratne, Co-Founder of Loopscale, Manish Dutta, Co-Founder & CEO of Alphaledger, Michael Repetný, Co-Founder & CEO of Marinade Labs, join Jill Malandrino on Nasdaq TradeTalks to discuss ...

Loopscale’s main USDC and SOL vaults yield APRs exceeding 5% and 10%, respectively. It also supports lending markets for tokens such as JitoSOL and BONK (BONK) and looping strategies for upwards ...