Loopscale
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🤬 Loopscale attacked, losing 5.7 million USDC and 1,200 SOL
On April 27, Loopscale (the on-chain lending protocol for Solana) announced that the Token RateX PT pricing function was hacked, resulting in a loss of approximately 5.7 million USDC and 1,200 SOL.
All markets have been temporarily halted for investigation. The incident affected 12% of the total fund, impacting only USDC and SOL senders. The team is restoring payments and coordinating with authorities to recover the assets.
#Loopscale #sol #USDC
On April 27, Loopscale (the on-chain lending protocol for Solana) announced that the Token RateX PT pricing function was hacked, resulting in a loss of approximately 5.7 million USDC and 1,200 SOL.
All markets have been temporarily halted for investigation. The incident affected 12% of the total fund, impacting only USDC and SOL senders. The team is restoring payments and coordinating with authorities to recover the assets.
#Loopscale #sol #USDC
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