PANews reported on April 27 that 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 posted an event update on X platform: "Loan repayment, deposit, and cycle loan closure functions have been re-enabled. Other application functions (including Vault withdrawals) remain temporarily restricted while we continue to investigate and ensure mitigation of this vulnerability. The root cause of this vulnerability has been identified as an independent pricing issue for collateral based on RateX, with RateX itself unrelated to the incident. The fund losses only affect depositors of the SOL and USDC genesis vaults, and a comprehensive technical post-mortem will be published subsequently."
Loopscale: Loan repayment, top-up and revolving loan closing functions have been restarted
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