🔥According to ChainCatcher, the lending protocol on
the Solana Loopscale chain was attacked today, resulting in the theft of nearly 5.7 million USDC and 1200 SOL. The protocol issued an event update on platform X. The functions for loan repayments, reloading, and closing renewed loans have been reactivated. Other application functions (including withdrawals from Vault) are still temporarily restricted. The vulnerability is still under investigation and mitigation.
✈️Loopscale added that the root cause of the security vulnerability has been identified as an independent issue related to the pricing of collateral based on RateX. RateX itself is not related to this matter. The loss of funds only affects depositors in the SOL and USDC Genesis vaults. A full technical analysis will be issued post-mortem later.✈️
