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Tagged: loopscale

Solana’s Decentralized Exchange Orca and Loopscale Merge as Formation to Finance AI, Robotics, Other Forms of Frontier Assets

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Solana’s long-running decentralized exchange Orca and the credit platform Loopscale have combined into a single company called Formation, headquartered in New York. The October 7, 2026 announcement places Loopscale co-founder Luke Truitt in the chief executive role, with fellow Loopscale co-founder Mary Gooneratne as chief… Read More

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Solana based DeFi Protocol Loopscale Hit with Security Breach Leading to Nearly $6M Loss

Lost in Space Robot

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Loopscale, a so-called decentralized finance (DeFi) protocol operating on the Solana blockchain, fell victim to a significant security breach, resulting in a loss of approximately $5.8 million. This amount represents 12% of the platform’s total value locked (TVL), which stood at around $40 million prior… Read More

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