Tag: riskmodel

Loopscale's $5.8M Hack: A DeFi Risk Model Failure?

04/28/2025

Loopscale's $5.8M Hack: A DeFi Risk Model Failure?

Meanwhile, Loopscale — a DeFi lending protocol on Solana — has taken a six-figure hit. On April 26th, $5.8 million disappeared, consisting of 5.7 million USDC and 1200 SOL. Ouch. Undercollateralized loans were the attacker’s weapon of choice. Lending markets are currently paused, however, even though some functions have restored....

Further Reading

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