Loopscale loan agreement under attack, approximately 5.7 million USDC and 1200 SOL stolen

Solana's on chain lending protocol Loopscale disclosed on X platform that at 11:30am EST today (23:30 Beijing time on April 26th), Loopscale's RateX PT token pricing function was artificially manipulated, resulting in approximately 5.7 million USDC and 1200 SOL being stolen from Loopscale USDC and SOL vaults. At present, all markets of Loopscale have temporarily suspended trading for further investigation by the team. The funds involved in this security vulnerability incident account for about 12% of Loopscale's total funds, and only affect depositors who deposit funds into Loopscale's USDC and SOL vaults. Borrowers and revolving loan users are not affected. We are making every effort to restore the repayment function as soon as possible to avoid unforeseen liquidation situations. The team is working closely with law enforcement officials, security experts, and investors to fully recover the funds. Once more information and complete technical analysis reports are obtained, they will be released immediately.