
PANews|Apr 27, 2025 04:14
Loopscale: Loan repayment, recharge, and revolving loan closure functions have been restarted
The Solana on chain lending protocol Loopscale suffered an attack today, resulting in the theft of approximately 5.7 million USDC and 1200 SOL. The protocol has released an event update on the X platform: "The loan repayment, recharge, and revolving loan closure functions have been reactivated, and other application functions (including Vault withdrawals) are still temporarily restricted. We are still investigating and ensuring that this vulnerability is mitigated.
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