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Loopscale has resumed loan repayment and margin replenishment functions, while Vault withdrawals remain restricted.

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Odaily
354Words
Apr 26, 2025

Odaily Planet Daily reports that Loopscale official has announced the reopening of loan repayment, margin replenishment, and cyclical liquidation functions, while other application functions (including Vault withdrawals) remain temporarily restricted. The official confirmed that the vulnerability originated from a single-point issue in Loopscale's collateral pricing for RateX. RateX itself has no security risks, and the financial losses only affect users who deposited in the $SOL and USDC Genesis Vaults. The team is currently cooperating with law enforcement agencies and security experts to investigate the incident and advance fund recovery efforts. More details on user impact, Vault withdrawal arrangements, and a complete technical review report will be released later.

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