Summary
- LoopScale announced that approximately $6 million worth of funds were stolen due to a hacking attack.
- The fund loss amounts to about 12% of LoopScale's total, and all services are currently suspended.
- LoopScale is a decentralized finance (DeFi) lending project, and after the hacking incident, it plans to conduct further investigations and resume the loan repayment function.
LoopScale, based on Solana (SOL), has been hacked, resulting in nearly $6 million in funds being stolen.
On the 26th (local time), LoopScale announced through its official X account that "the token pricing function was manipulated, resulting in the leakage of 5.7 million USDC and 1,200 Solana," and "this amounts to about 12% of LoopScale's total funds." LoopScale stated, "Currently, all services are temporarily suspended for further investigation," and "the repayment function will be resumed as quickly as possible to prevent unexpected forced liquidation."
LoopScale is a decentralized finance (DeFi) lending project that directly connects lenders and borrowers. It was officially launched earlier this month after about six months of beta service.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul![[Today’s Key Economic & Crypto Calendar] Atlanta Fed GDPNow, More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
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