✈️Loopscale, DeFi Protocol on ($SOL ), has been hacked✈️
☄️⚡ On April 26, resulting in a loss of over 5.8 million dollars, equivalent to 12% of its total value locked (TVL). The cause was identified as incorrect pricing of collateral based on RateX. The team is actively investigating and working on recovering funds
and protecting users. It was previously audited by OShield, and Loopscale is undergoing additional audits by Sec3. This incident adds to the list of major hacks in 2025, alongside Bybit, KiloEX, and Infini. Some platform functionalities have been restored.🦴🦴
