Loopscale exploit and exchange security
Loopscale is partially restoring repayments after a collateral-misidentification exploit, while Vitalik urges exchanges to prioritize survival after the Binance hack.
What we know
A ~$123 token was misread as zBTC collateral to borrow 4,597 SOL on Loopscale, and repayments are partly back. Vitalik told exchanges to prioritize survival over market share for two years after the Binance hack.
Sources
@CoinDesk
“Prioritize survival over market share for the next two years”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.