Loopscale's Lending Operations Halted Following $5.8 Million Hack

Loopscale Lending Operations Halted Following 5.8 Million Hack.jpeg

Loopscale, a decentralized finance (DeFi) platform built on the Solana blockchain, has temporarily suspended its lending operations after a significant security breach resulted in the loss of approximately $5.8 million. The exploit, which occurred on April 26, targeted vulnerabilities in the platform's collateral pricing mechanism, leading to a substantial impact on its total value locked (TVL).

Read more

Comments

Post a Comment

Popular posts from this blog

BitMEX Exposes Lazarus Group's Cyber Security Vulnerabilities

Image
BitMEX's security team has exposed significant operational security vulnerabilities within the Lazarus Group, a North Korean state-sponsored cybercrime organization. Their counter-operations probe revealed critical lapses, including exposed IP addresses, database access, and tracking algorithms, offering unprecedented insight into the group's methods and structure. Read more
Read more