On May 8, the previously hacked Solana ecosystem lending protocol Loopscale officially announced that it plans to resume withdrawals at 10:00 AM Eastern Time on May 9 (10:00 PM Beijing Time on May 9). Although the protocol update patch has been completed with an audit, initial withdrawal limits will be imposed on users: SOL deposit users can withdraw a maximum of 2,500 SOL per 24 hours, USDC and USDG users can withdraw a maximum of 500,000 USDC/USDG per 24 hours, and jitoSOL users can withdraw a maximum of 500 jitoSOL per 24 hours.
Previously, Loopscale was hacked last month due to a security vulnerability, with approximately 5.7 million USDC and 1,200 SOL stolen. After negotiations with the hackers, all lost funds have been recovered.
