On April 27, the modular DeFi lending market Loopscale built on Solana was attacked at 0:30 AM (Beijing time) due to manipulation of the RateX PT token pricing function, resulting in the theft of approximately 5.7 million USDC and 1,200 SOL, which accounts for about 12% of the platform's total funds.
Currently, all markets have been suspended. The team is working to restore the repayment function to prevent accidental liquidation and is collaborating with law enforcement, security teams, and investors to recover the funds. A detailed event analysis report will be released subsequently.
