Loopscale Exploited for $5.8M Just Two Weeks After Launch
This one's rough—Loopscale, a Solana-based lending protocol, got exploited for $5.8 million in USDC and SOL, just two weeks after it launched. Apparently, the attackers abused unsecured loans to drain the funds. It’s another tough reminder that DeFi is exciting, but risky. Always do your homework before putting your money into new projects.
