Solana DeFi protocol Loopscale hacked for $5.8M
Solana DeFi protocol Loopscale lost over $5.8 million, roughly 12% of its Total Value Locked (TVL), to a cyber exploit.
The platform is still investigating how the attack happened, trying to identify the hackers involved and how they can retrieve the stolen funds. They are currently coordinating with law enforcement and security personnel to resolve the situation quickly.