Hackers Drain $7 Million in Loopscale Hack and Term Finance Hack Amid DeFi Exploits 2025

The Loopscale hack caused a $5.8 million loss on April 26, marking a major Solana DeFi exploit in 2025. The Solana-based DeFi platform lost 12% of its total value after a flaw in its collateral pricing system was exploited. According to Loopscale co-founder Mary Gooneratne, the attacker took under-collateralized loans that drained the SOL and […]

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