Solana's Loopscale pauses lending after .8M hack

Solana's Loopscale pauses lending after $5.8M hack

The lost funds represent about 12% of Loopscale’s total value locked (TVL), according to the DeFi lending protocol’s co-founder. Solana decentralized finance (DeFi) protocol Loopscale has temporarily halted its lending markets after suffering an approximately $5.8 million exploit.  On April 26, a hacker siphoned approximately 5.7 million USDC (USDC) and 1200 Solana (SOL) from the…

Read More
MEV bot loses 0K in ETH from access control exploit

MEV bot loses $180K in ETH from access control exploit

Threat researcher Vladimir Sobolev told Cointelegraph that there’s been a rise in fraudulent MEV bot tutorials, leading users to lose their funds. A maximal extractable value (MEV) bot lost about $180,000 in Ether after an attacker exploited a vulnerability in its access control systems.  On April 8, blockchain security firm SlowMist reported that the MEV…

Read More