Loopscale Halts Solana Protocol After Weeklong API Attack

TLDR: Loopscale suspended operations after its APIs received more than 30,000 malicious requests daily. An attacker exploited a kySOL collateral pricing mismatch to borrow 4,597 SOL from Genesis Vaults. Loopscale confirmed that affected vaults were restored, with no reported losses to user deposits. The protocol identified four addresses and is working with law enforcement and [...]

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