Loopscale has no direct exposure to the ongoing situation with Drift protocol and funds in the majority of Loopscale products, including the USDC Genesis and USDC OnRe Vaults, are safe.
A small share of the SOL Genesis Vault deposits (~$170K) is allocated to MarginFi, a fraction of which may have indirect exposure through Project0 borrowers collateralized by Drift positions. Should any losses materialize, Loopscale will make affected users whole.
We take the technical and operational security of our infrastructure seriously. Our thoughts are with the Drift team and all users affected.

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