Update (UTC at 8:57 pm on April 26): This article has been updated to add updates from the loop scale.
Solana विकेंद्रीकृत Finance (DEFI) Protocol Loop Scale temporarily stopped its debt markets after exploiting about $ 5.8 million.
Loops Scale co -founder Mary Gonner said in an X post, on April 26, a hacker sailed from a lending protocol to about 5.7 million USDC (USDC) and 1200 Solana (Civil) after the “undercutterialized loan series”.
“(A) Other LL’s functions (including Walt evacuation),” Loops Scale said in the April 26 X post “(A) LL’s other app functions (” (A) LL other functions (including Walt withdrawal). “
Gonnerton added that this exploitation only affects the USDC and civil wallets of the Loops Scale and these disadvantages represent 12 % of the total price (TVL) of the loop scale.
“Our team is fully mobilized to ensure investigation, funding and consumer protection,” Gonnerton said.
In the first quarter of 2025, hackers stole more than $ 1.6 billion from smart contracts on China in the first quarter of 2025, the blockchain security firm Packshield said in a April report.
More than 90 % of these losses are attributed to the $ 1.5 billion attack on a central cryptocurrency exchange, a central cryptocurrency exchange, by the North Korean hacking organization Lazaris Group.
Related: Crypto Hex top $ 1.6b Q1 in 2025 – Packshield
Unique Defing Lending model
Launched on April 10 after a six -month -old son, Loops Scale is a defaulter lending protocol designed to enhance capital performance by directly matching lenders and lenders.
It also supports special lending markets, such as “credit, financing of receipts, and undercutterial loan,” Loop Scale said in a April announcement in the April announcement with the Quantal Graph.
The Loops Scale Order Book model distinguishes it from a defaulter lending colleagues, such as AAVE, which deposits overall cryptocurrency in a liquidity pool.
The main USDC and civil wallets of the Loops Scale get more than 5 % and more than 10 %, respectively. It also supports borrowing markets such as tokens such as Jetosol and Bonak (Bunk) and more than 40 different token couple’s looping strategies.
According to the researcher our network, the default protocol is about $ 40 million in TVL and has attracted above 7,000 lenders.
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