loopscale

On April 26th, the Solana DeFi protocol Loopscale was hacked for over $3 million. This breach resulted in a loss of approximately $5.8 million in NFTs. Unfortunately, this exploit has directly impacted Loopscale users. It has led to some much-needed conversations around security and risk management practices within the burgeoning...

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...

MetaBlock X is dedicated to giving you the strategic advantage you require to cut through the noise and govern the ever-evolving terrain of the crypto universe. The recent $5.8 million hack of Loopscale is the latest example of critical weaknesses in the decentralized finance ecosystem. This unfortunate event should be...

$5.8 million vanished. Poof. Gone. Just like that, Loopscale, a Solana-based lending platform, became the most recent casualty in DeFi’s continual exploit drama. What’s truly gut-wrenching? They had been audited. Twice, actually. Once by OShield, who went so far as to patch critical vulnerabilities themselves, and a second audit, still...

Picture this, you wake up, check your crypto wallet and there’s a massive hole where your money used to be. One profoundly real and practical outcome that has become a reality for many Loopscale users today. A $5.8 million hack. 12% of their TVL vanished. This isn’t all about dollars...

DeFi promised us an elusive financial revolution, a utopia liberated from the gatekeepers of Wall Street. Instead, we’re seeing a slow-motion train wreck. Unfortunately, the wreckage is littered with the dreams and savings of regular folks. The $5.8 million exploit that obliterated Loopscale just two weeks after its release is...

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...