Solana’s Loopscale Halts Lending After $5.8M DeFi Hack

Solana’s Loopscale Halts Lending After $5.8M DeFi Hack

Solana’s Loopscale Suspends Lending Markets Following $5.8 Million Exploit Decentralized finance (DeFi) platform Loopscale has temporarily suspended its lending operations after an exploit resulted in the loss of approximately $5.8 million. The Solana-based protocol confirmed that loan repayments have resumed, although several core functionalities remain disabled. According to a statement by Loopscale co-founder Mary Gooneratne on X (forme...

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