loss

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...

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...

KiloEx, a DeFi decentralized finance (DeFi) protocol, was recently attacked by a well-devised exploit. This unfortunate incident further illustrates the dire need for proactive security measures across the DeFi ecosystem. The exploit, which led to a loss of over $31 million, exploited the vulnerabilities built into the price oracle framework...

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