BlockBeats message, April 2, Solana ecosystem lending protocol Loopscale posted on X stating that most of its products (including the USDC Genesis and USDC OnRe vaults) were not directly affected by the Drift incident, ensuring fund safety. Approximately $170,000 in deposits in the SOL Genesis vault are allocated to MarginFi, where a small portion may have indirect exposure through the Drift positions used as collateral by the project0 borrowers. If any losses occur, Loopscale will fully compensate affected users.
Because MarginFi has paused its protocol functionality, the SOL Genesis, JitoSOL ONE, and wETH ONE vault deposit and withdrawal functions are temporarily closed. Loopscale will reopen them once MarginFi resumes normal operations, and will update users on progress in a timely manner.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
