Tag: protocol

Loopscale Lending Protocol on Solana Halted After $5.8 Million Exploit

Loopscale Lending Protocol on Solana Halted After $5.8 Million Exploit

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...

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