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# SIGN to be launched today on April 28th 2025 on binance
#Solana 🔔 MARKET MOVING NEWS! (27/04/25)
1️⃣ Solana's Loopscale Pauses Lending After $5.8M Hack ‼️
Solana DeFi protocol Loopscale reportedly lost $5.8 million worth of digital assets after an attacker exploited one of its markets on April 26. The stolen crypto represents roughly 12% of the protocol’s TVL. It stated that the primary cause of the exploit was an “isolated issue with Loopscale’s pricing of RateX-based collateral." The platform temporarily halted its lending markets after the exploit. While it has since “re-enabled loan repayments, top-ups, and loop closing”, all other app functions (including Vault withdrawals) are still temporarily restricted while it investigates the exploit.
1️⃣ Solana's Loopscale Pauses Lending After $5.8M Hack ‼️
Solana DeFi protocol Loopscale reportedly lost $5.8 million worth of digital assets after an attacker exploited one of its markets on April 26. The stolen crypto represents roughly 12% of the protocol’s TVL. It stated that the primary cause of the exploit was an “isolated issue with Loopscale’s pricing of RateX-based collateral." The platform temporarily halted its lending markets after the exploit. While it has since “re-enabled loan repayments, top-ups, and loop closing”, all other app functions (including Vault withdrawals) are still temporarily restricted while it investigates the exploit.
#Hyper Price up significantly today +13.20%. Sentiment on social media is bullish. Project focused on its gaming platform development.
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