Solana DeFi Protocol Loopscale Halts Lending After $5.8M Exploit
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 5.7 million USDC and 1,200 SOL by executing a series of undercollateralized loans, according to Loopscale co-founder Mary Gooneratne. In response, Loopscale has partially restored platform […]
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