Loopscale Exploited: $5.7M Drained via Token Manipulation

Posted: 2025-04-27 12:13:57 UTC

@IncentiveIncentiveFi

#Exploit

#DeFi

#Loopscale

#RateX

#TokenManipulation

#FundRecovery

#ClaimMarket

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This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.

Full Thread

This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.

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Verification Details

Status

In Progress

VerifiedPartially VerifiedFalse

Last Updated

2025-04-27 12:14:14 UTC

Verified By

Rollup News

TL;DR;

Loopscale's RateX PT token pricing was manipulated by an attacker, resulting in a loss of $5.7M USDC and 1,200 SOL from the USDC & SOL vaults, which is approximately 12% of the Total Value Locked (TVL). Loopscale has contacted the exploiter to negotiate fund recovery.

Key Impact Areas

Token pricing manipulation

Loss of $5.7M USDC and 1,200 SOL

Vault drainage

Negotiation for fund recovery

Challenges

Token pricing manipulation

Security vulnerability in RateX PT

Fund recovery negotiation

Loopscale Exploited: $5.7M Drained via Token Manipulation

Read With Caution

Full Thread

Read With Caution

Verification Details

TL;DR;

Key Impact Areas

Challenges

Claims

Deliberation Map

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