A few days ago, the hacker hacked the loan protocol Loopscale, created on the basis of Solana. The attacker managed to withdraw 5.7 million USDC stabilcoins and 1200 SOL through a series of unsecured loans. He conducted manipulations with the pricing of Ratex PT tokens. Later it turned out that there were no problems with the RATEX support system itself, and users whose means were in USDC and SOL storage facilities were the only injured.
The incident occurred about two weeks after the launch of the protocol, which took place on April 10. Before starting work, Loopscale completed the six-month phase of closed beta testing. Exploit affected about 12% of the total blocking value of Loopscale assets (TVL), which before hacking had about $ 40 million.
The Loopscale team suspended the withdrawal of funds and deposits to prevent further losses. Loopscale attracted law enforcement agencies to investigate. However, the project team promised that there would be no legal consequences for the cracker if he agrees to the transaction before April 28.
From January to February, Loopscale has been an audit of security for Oshield. During the audit, several critical vulnerabilities were revealed, however, according to the documentation of Loopscale, all problems were eliminated. At the time of hacking, the company took another audit of the SEC3 company.
In recent months, the crypto industry has aggravated security problems and explosion has become more frequent. In March, a decentralized Abracadabra Finance protocol, which lost 6260 ETH by $ 13 million, was injured. In February, the largest hacking in the history of the market occurred – from the crypto -based crypto -assets, cryptoactives were bred by $ 1.4 billion.
Source: Bits
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