SOLANA ALERT: Loopscale paused protocol activity after a week-long attack campaign, with more than 30,000 malicious requests per day…
About SN7 Allways
Allways@allways_ioSOLANA ALERT: Loopscale paused protocol activity after a week-long attack campaign, with more than 30,000 malicious requests per day hitting its APIs, the lending protocol says. The attempts targeted its Solana ($SOL) and USDC ($USDC) Genesis Vaults. Loopscale says affected vaults were made whole, no user deposits were lost, and normal operations will not resume until the full scope is established and security is hardened.
Quoting @Loopscale
Over the past week, Loopscale has been targeted in a sustained campaign by a sophisticated actor, with the protocol APIs receiving more than 30,000 malicious requests per day. All deposited user funds are secured. Earlier, our security systems detected a significant escalation in the campaign, and we promptly acted to pause protocol activity to mitigate impact. The attack attempts targeted the SOL and USDC Genesis Vaults. Affected vaults have been made whole and no user deposits have incurred a loss. The protocol will not resume normal operations until we have established the complete scope of the campaign and implemented further security hardening. We will be re-enabling the protocol interface shortly and are working to resume repayment functionality as soon as possible to mitigate unforeseen liquidations. The following addresses have been identified in connection with this activity: 247Lk5YNH9URfBBvxVUtDruz8GvGX8gKGuYHVCZThpiR AzPh2dUV3duK9n8PWV6CxKMwWr9Rk7fxPNBZuv1CiwMr 0xb8959Ac
SN7 Allways at a glance
SN7, Allways (α token η), is one of the independent markets on the Bittensor network, each with its own α token and its own price. Its α currently trades at 0.002495 τ (≈ $0.54), against 5,628 τ of pool liquidity. On-chain, the best-delegated validator on it yields about 28.38% APR (simple) and 32.82% APY (compounded), emissions add 0.000000 τ to the pool each block, epochs run every 360 blocks. It was registered at block #2,627,691.
Taosis newsletters
Taosis News: the week’s articles from the subnet teams, the press and community newsletters, every Friday. Taosis Weekly: the week’s movers, best yields and chain events, with dollar values, every Monday. Past issues
More from SN7 Allways
Taosis indexes announcements, articles, posts and releases about Bittensor subnets from their own channels and keeps a record of each. The text above is the source’s; the figures are read from the chain by Taosis.