Solana decentralized finance (DeFi) protocol Loopscale has temporarily halted its lending markets after suffering an approximately $5.8 million exploit.
On April 26, a hacker siphoned approximately 5.7 million USDC USDCUSD and 1200 Solana SOLUSD from the lending protocol after taking out a "series of undercollateralized loans", Loopscale co-founder Mary said in an X post.