Loopscale, a DeFi lending platform on Solana, suffered a $5.8 million exploit on April 27, 2025, impacting about 12% of its total funds. The incident caused significant disruptions, leading to market operations being paused for recovery efforts.
The exploit involved manipulations of the RateX PT token pricing, resulting in the siphoning of funds. Co-founder Mary Gooneratne emphasized transparency while the community monitored the investigation closely.
Recent data shows over $1.6 billion in crypto thefts in 2025, highlighting vulnerabilities in decentralized finance. This incident may trigger enhanced DeFi regulations and improved security protocols.
Full story here: https://coincu.com/334527-loopscale-defi-exploit-solana-market
