The Solana-based lending protocol Loopscale disclosed on platform X that on April 26th at 23:30 Beijing time, the pricing function of Loopscale's RateX PT token was manipulated, resulting in approximately 5.7 million USDC and 1,200 SOL being stolen from Loopscale's USDC and SOL vaults. Currently, all markets of Loopscale have temporarily suspended trading to allow the team to conduct further investigations. The funds involved in this security breach account for about 12% of Loopscale's total funds, and only affect depositors who contributed funds to Loopscale's USDC and SOL vaults.
