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Loopscale API attack halts lending after more than 30,000 daily requests

The Cryptonomist SOLUSDC Bearish

Loopscale, a Solana-based lending protocol, paused activity after an API attack sent over 30,000 malicious requests a day for a week. The attack targeted its SOL and USDC Genesis vaults, and the team says depositors suffered no losses. Restoring repayments is the priority, and federal law enforcement is assisting.

Read the full story on The Cryptonomist

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