Apr 27, 2025
Solana’s Loopscale Hacked for $5.8M: Shocking New Details Uncovered
Loopscale, a decentralized finance protocol built on Solana, was struck by a major exploit on Saturday, losing over $5.8 million from its platform. According to updates shared on X, the root of the breach was linked to a vulnerability in the pricing of RateX-based collateral. The team revealed that an investigation is already underway to determine how the exploit occurred and who was…