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Uyen Nguyen
@uyennguyen
Solana DeFi protocol Loopscale hit with $5.8 million exploit two weeks after launch Loopscale, a Solana-based decentralized finance (DeFi) protocol, became 2025's latest hacking victim on Saturday, losing over $5.8 million, or 12% of its TVL, to an exploit affecting one of its markets. "The root cause of the exploit has been identified as an isolated issue with Loopscale’s pricing of RateX-based collateral," the protocol said on X. "There is an ongoing investigation into how this happened, who did this, and how we can most effectively recover funds."
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