Loopscale, a DeFi protocol on Solana, was hacked on April 26, resulting in a loss of over $5.8 million, equivalent to 12% of its TVL. The cause was identified as a mispricing of RateX-based collateral. The team is actively investigating, working to recover funds and protect users. Previously audited by OShield, Loopscale is undergoing an additional audit by Sec3. This incident adds to the list of major 2025 hacks, alongside Bybit, KiloEX, and Infini. Some platform functions have been restored.