🚨 Good news after the Exploit on #Loopscale in #SOLANA: Recovery of funds and Vault withdrawals 🚀

They managed to recover 100% of the funds of the exploited users.

In total: $5,700,000 USDC and 1,215 SOL

Additionally, they will reimburse a discrepancy of $29K so that everyone is compensated. 💪

🔐 Gradual withdrawals: To ensure security and stability, withdrawals from the Vault (SOL, USDC, USDG, jitoSOL, fragSOL) will have daily limits per user.

Deposits are temporarily disabled.

⏳ Schedule: Withdrawals will resume after audits by @sec3dev and a second auditor.

Information will be updated when they are ready to reactivate deposits.

💸 Borrowers: Refinancing will be enabled days after withdrawals, with a grace period.

📢 Follow @LoopscaleLabs for more details

Another day in the jungle.