Loopscale Suspends Solana Lending Protocol After Attack Escalation
Photo: TokenPost
Loopscale suspended activity on its Solana lending protocol after security systems detected an escalation in attacks, following a week of sustained malicious requests to its API. In a Nov. 5 disclosure, Loopscale said its API had received more than 30,000 malicious requests per day. The attacks targeted the protocol’s Solana (SOL) and USDC Genesis vaults. Loopscale said the funding shortfall in the affected vaults was fully replenished and user deposits were not lost. It did not disclose the amount affected. The protocol’s return to normal operations depends on determining the full scope of the attack and completing further security work.
Source: TokenPost
