Loopscale suspended its Solana lending protocol after detecting a sharp increase in malicious API requests, with over 30,000 attacks daily targeting its Solana and USDC Genesis vaults. Despite the attacks, user deposits were not lost, and any funding shortfalls were fully replenished. The protocol's reopening depends on assessing the attack's full impact and completing security improvements. Loopscale is collaborating with federal law enforcement and security experts to resolve the issue and plans to restore repayments soon to avoid unintended liquidations.
Loopscale's Solana lending protocol suspension is the subject, with Pluang's market data providing context. For readers following major cryptocurrencies, 24 out of 50 rose and 25 fell today. Notable movers include ZIL at Rp32 with a 9.07% increase and EOS at Rp12,649 with an 8.13% rise, while XRP declined 5.99% to Rp21,420. This data is as of Nov 06, 2026 22:21 WIB.
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