Loopscale: Loan Repayment, Recharge, and Loop Loan Closure Functions Re-enabled

Solana on-chain lending protocol Loopscale was attacked today, resulting in the theft of approximately 5.7 million USDC and 1,200 SOL. The protocol released an event update on the X platform, stating that loan repayment, recharge, and loop loan closure functions have been re-enabled. Other application functions, including Vault withdrawals, remain temporarily restricted, as investigations and efforts to mitigate this vulnerability continue. Loopscale added that the root cause of this vulnerability has been identified as an isolated issue with the pricing of collateral based on RateX. RateX itself is unrelated to this issue, and the financial loss only affects depositors of the SOL and USDC Genesis Vaults. A full technical post-mortem analysis will be released subsequently.