Loopscale suffered an attack, about 5.7 million USDC and 1,200 SOL were stolen

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The modular DeFi lending market Loopscale, built on Solana, was attacked today at 11:30AM EST. Due to the manipulation of the RateX PT token pricing function, approximately 5.7 million USDC and 1,200 SOL were stolen, representing about 12% of the platform's total funds. All markets have been suspended, and the team is working to restore repayment functionality to prevent accidental liquidations. They are also collaborating with law enforcement, security teams, and investors to recover the funds, with a detailed incident analysis report to be released in the future.

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