Loopscale released a hacking post-event report, disclosing that hackers exploited the pricing logical vulnerability of the agreement, resulting in the unauthorized outflow of 5,726,724.97 USDC and 1,211.4 SOL from the USDC and SOL Genesis vaults. All funds have been recovered.
Loopscale added that the re-enablement of full protocol features will be rolled out in stages, the refinancing feature will be restarted soon, and the grace period will be extended by 3 days to provide borrowers with the opportunity to repay or position squaring. Borrowers are advised to monitor positions in case of interest rate changes or liquidity tightening. In addition, the balance of Vault or Advanced Lend depositors between April 26 and June 7 will receive a 12x point boost.
Loopscale releases hacker attack post-event report: refinancing function is about to restart
2025-05-09 03:51:01
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