According to ChainCatcher, the Solana-based lending protocol Loopscale was attacked today, resulting in the theft of approximately 5.7 million USDC and 1,200 SOL. The protocol released an event update on X platform, and has now re-enabled loan repayment, deposit, and cycle loan closure functions. Other application functions (including Vault withdrawals) remain temporarily restricted, and they are still investigating and working to mitigate this vulnerability.
Loopscale added that the root cause of this vulnerability was identified as an independent issue with RateX-based collateral pricing, and RateX itself is not related to this incident. The fund losses only affect depositors of the SOL and USDC genesis vault, and a comprehensive technical post-mortem analysis will be published subsequently.
