The lost funds represent about 12% of Loopscale's total value locked (TVL), according to the DeFi lending protocol's co-founder.
Cryptocurrency Exchange News

Cryptocurrency exchanges are an integral part of how people and institutions access Bitcoin (BTC) and other digital assets, yet these services didn’t arrive until over a year after Bitcoin’s launch.
In the early days, the predominant means of acquiring Bitcoin was by either mining or direct, peer-to-peer exchange. When the first crypto exchange, BitcoinMarket.com, launched in spring 2010, people could finally access the burgeoning cryptocurrency industry without technically demanding mining, risky P2P deals or the critical responsibility of key management.
Cryptocurrency exchanges can be incredibly lucrative, daunting, risky enterprises, as they navigate a rapidly maturing industry, shifting regulatory frameworks and adversaries looking for any vulnerability.
Nevertheless, exchange platforms will continue to be critical to the industry, as they provide the primary bridges between the world of fiat and the world of crypto.
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DeFi Development Corp is seeking to raise more capital for its Solana treasury and operational expenses.
1330 - Price Analysis
Bitcoin price pushed above $95,000 as multiple bullish catalysts lead to a spike in spot trading volumes.
9936 - Newsletter
Crypto firms are entering Wall Street with stocks and equities offerings, showing the “growing synergy” of the traditional investment and digital assets sectors.
2695 - News
Six individuals allegedly defrauded investors out of $620,000 in Nigeria through falsely advertising the Crypto Bridge Exchange.
2278 - News
Experts weigh in on the move of Sam Bankman-Fried, the disgraced FTX co-founder convicted of fraud, to a lower-security US prison in California.
2305 - Markets News
Bitcoin’s consolidation could soon end as the divergence between rising open interest and negative funding rates signals a potential short squeeze.
1115 - News
The cryptocurrency exchange is offering a portfolio management feature that’s commonly used in traditional futures and securities markets.
1933 - News
The investor warning from the South Korean regulator comes as Synthetix USD, a stablecoin collateralized with Synthetix tokens, failed to recover its dollar peg.
3140 - Markets News
Bitcoin exchanges are not seeing a rush to sell in 2025, data shows; in fact, users appear to behave like the bull market is beginning.
3130 - News
Lawyers struggled for months to serve O’Neal as part of a broader $21 billion lawsuit involving celebrity FTX promoters.
3493 - News
Revolut doubles profit to 1 billion pounds in 2024, driven by crypto trading growth, 15 million new users and a long-awaited UK banking license.
1857 - News
Russia’s central bank announced a proposal in March to allow a limited number of Russian investors with a certain amount of assets to buy and sell cryptocurrencies under a three-year experimental regime.
2961 - Altcoin Watch
President Trump’s announcement of an exclusive dinner with the top 220 holders of his memecoin triggered a price pump, but data questions its sustainability.
4166 - News
US spot Bitcoin ETFs clocked nearly $1 billion in inflows on April 22 despite turbulent markets.
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