🚨 Security Breach Alert! 🚨

Solana's Loopscale hacked! 💸 Approximately 5.7 million USDC and 1,200 SOL stolen from USDC and SOL vaults due to manipulated RateX PT token pricing function. 🕰️ Breach occurred on April 26 at 23:30 UTC+8.

*What's Happening:*

- 🚫 All markets on Loopscale temporarily halted for investigation.

- 🤝 12% of Loopscale's total funds affected, specifically USDC and SOL depositors.

- 🙅‍♂️ Borrowers and revolving loan service users unaffected.

*Next Steps:*

- 🔍 Comprehensive technical analysis report coming soon.

- 👮‍♂️ Loopscale team collaborating with law enforcement, security experts, and investors to recover stolen funds.

- 💸 Efforts underway to restore repayment functions to prevent liquidation scenarios.

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