Loopscale Overcomes Hack – Will Solana’s Lending Protocol Regain Trust????
Can Loopscale’s recovery restore confidence in DeFi on Solana?
Foresight News reports that Loopscale, a Solana-based lending protocol, was recently targeted by a security breach.
An attacker exploited a pricing flaw, borrowing 5,726,700 USDC and 1,211.4 SOL. However, all funds have been successfully recovered.
Loopscale has apologized and is implementing stronger security measures, including mandatory third-party audits, a bug bounty program, and tighter borrowing limits.
