Loopscale experienced a significant security breach, resulting in a $5.7 million loss due to the manipulation of their RateX PT token. All market operations have been paused for investigation, impacting 12% of their total value locked.
The incident resulted in the loss of approximately 1,200 SOL and highlighted vulnerabilities in DeFi protocols, stressing the necessity for enhanced security measures.
Investigations by security experts and law enforcement are underway to recover lost assets and enhance measures, with Loopscale's team committed to user protection.
Full story here: https://coincu.com/334524-loopscale-solana-5-7m-exploit
