#XRPETF The exploit, which took place on April 26, involved an attacker exploiting undercollateralized loans to siphon 5.7 million $USDC and 1,200 SOL, as confirmed by Loopscale co-founder Mary G.

In the aftermath, the platform has partially resumed operations, enabling users to repay loans, adjust collateral, and close active positions. However, critical functions particularly vault withdrawals remain suspended while the team conducts a thorough investigation.