exploit

The token is not related to Loopscale, a decentralized finance (DeFi) lending protocol on Solana which paused its lending markets after a $5.8 million exploit. It’s official — the platform that could change everything for cities and states today launched, after a six-month closed beta. It has already pulled in...

Loopscale, a lending market constructed on Solana, suffered a critical exploit. The hack has resulted in a loss of $5.8 million, which represents 12% of the platform’s total value locked (TVL). The exploit was aimed specifically at RateX-based collateral pricing, one element in Loopscale’s lending ecosystem.The breach happened less than...

Loopscale, a decentralized finance (DeFi) protocol on Solana, lost $5.8 million to an exploit this past weekend. The exploit was detected on April 26, just a couple weeks after project’s launch on April 10. Loopscale, which is the successor to Bridgesplit, initially as NFT-based yield products.Attackers exploited a vulnerability in...

The decentralized finance (DeFi) space is rapidly expanding, providing exciting new financial opportunities while bringing with them new security risks. In July, Loopscale, a lending platform, was recently targeted in an undisclosed attack. As a consequence, they lost an estimated $5.8 million worth of assets. This unfortunate incident serves to...

KiloEx, a decentralized finance (DeFi) platform, released details of a massive compensation scheme. We welcome this plan and its efforts to protect users affected by the recent security breach. The platform is focused on reimbursing the users who lost money in the exploit. Simultaneously, it is putting into place extensive...

On April 24, KiloEx, a decentralized finance (DeFi) platform, made a public statement that it would reimburse traders and stakers. This decision follows a $7.5 million exploit that prompted the platform to briefly go offline earlier in April. Bonus rewards for Stakers Along with giving full refunds to traders, the...

ZKSync has done a commendable job in revoking over $5 million in tokens. A smart hacker took a 10% bounty to return the assets they stole. After reporting the hack on March 30, on April 23, the company announced that the hacker had acted in good faith. They did manage...

The global landscape of Decentralized Finance (DeFi) offers a trustless utopia. Yet inarguably, human fallibility remains an Achilles’ heel as a vulnerability. Our most recent ROAR hack yielded significant losses of $785,000. This incident should serve as a reminder of the insider threat that even the most innovative blockchain projects...

Aikido, a software security company that focuses on developer oriented security tools, identified a breach in the XRP Ledger’s JavaScript library (xrpl.js). Without compromising user safety, they succeeded in neutralizing the threat. On April 21, we learned of a breach that affected xrpl.js versions 4.2.1 through 4.2.4. This component is...

R0AR, a gamified cryptocurrency platform registered in Kingstown, Saint Vincent & The Grenadines, has announced it’s suffering a critical token drain attack. This self-enforced issue is currently hitting its $1R0R token hard. A previously undiscovered vulnerability in the staking contract was at fault for the incident. As punishment, the token’s...