Loopscale, a decentralized finance (DeFi) protocol from Solana, was attacked this week to the tune of $1.2 million. The platform suffered a security breach that resulted in the direct loss of over $5.8 million. This incident represented a loss of about 12% of its Total Value Locked (TVL). This event...
Loopscale, a decentralized finance (DeFi) lending protocol on Solana, temporarily halted its lending markets after suffering an approximately $5.8 million exploit. The protocol went live on April 10 following a six-month closed beta. It’s now leveraged by lending markets for tokens like JitoSOL and BONK. With about $40 million in...
Remember those old Western movies? The same ones where banks got robbed at high noon, and the sheriff was always a day late and a dollar short? Turns out, DeFi is actually the Wild West, but with more complex code and fewer dusty saloons. Loopscale, a Solana-based lending protocol, just...
Okay, let's talk about Mutuum Finance (MUTM). I know, I know, another DeFi project ready to take you to the moon. I know, I know—before you roll your eyes and hit the back button, hang on a second. This isn't just another flash-in-the-pan meme coin. This $0.025 crypto could very...