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.

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, 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 '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.