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Loopscale, a so-called decentralized finance (DeFi) protocol operating on the Solana blockchain, fell victim to a significant security breach.

The attacker behind a $5.8 million exploit of Solana-based protocol Loopscale has agreed to return the stolen money in exchange for a 10% bounty.

Update (April 26 at 8:57 PM UTC): This article has been updated to include updates from Loopscale. Solana decentralized finance (DeFi) protocol Loopscale temporarily halted its lending markets ...

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 ...

Some crypto teams are abandoning open source in favor of secrecy, though critics say the trade-off isn’t worth it.

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 ...

Decentralized finance platform, Loopscale, suffered a US$5.7 million RateX PT manipulation during the last weekend (April ...

Solana decentralized finance (DeFi) protocol Loopscale has temporarily halted its lending markets after suffering an approximately $5.8 million exploit. The exploit only impacted Loopscale’s ...