Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.
A modular DeFi lending market built on Solana, Loopscale, has suffered an attack. The root cause of the exploit has been identified as an isolated issue with Loopscale’s pricing of RateX-based collateral. The incident led to the theft of approximately 5.7 million USDC and 1,200 SOL, accounting for about 12% of the platform's total funds. According to an official update posted by Loopscale on April 29, following successful negotiations, all stolen assets — 5,726,725 USDC and 1,211 SOL — were fully returned on April 26. No user deposits were affected. Attack method (per SlowMist): Oracle Attack. Reported loss: $ 5,800,000.
- chain
- solana
- protocol
- Loopscale
- bug_class
- oracle
- date_occurred
- 2025-04-26
- loss_usd
- $5,800,000
- source_id
- sm:loopscale::2025-04-26