On April 26, a hacker siphoned approximately 5.7 million USDC and 1200 Solana from the lending protocol after taking out a “series of undercollateralized loans”, Loopscale co-founder Mary ...

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, 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 ...

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 ...

Solana 's lending platform, SolRazr, has temporarily stopped its services after a hack resulted in a loss of $5.8 million. This incident has raised c Tuesday, 02 January 2024 12:17 GMT ...

Loopscale said the hacker who stole $5.8 million from the protocol this weekend is in talks to return the funds in exchange for a bounty. ... Solana's Loopscale pauses lending after $5.8M hack.

Loopscale temporarily halted its lending markets after a hacker siphoned roughly $5.8 million from the Solana DeFi protocol.