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Loopscale pauses protocol after sustained attacks, user funds safe

NewsFeeds update

Loopscale says a highly skilled attacker has targeted it continuously for a week, with its API receiving over 30,000 malicious requests a day. The SOL and USDC Genesis Vaults were hit and have been recapitalised, with no user deposits lost, and normal operations stay paused.

AltcoinsPANewsAIBearish

Read the original on PANews

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Every Altcoins update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.