Loopscale officials stated: The loan repayment, margin replenishment, and loop close position functions have been reopened, while other application functions (including Vault withdrawals) remain temporarily restricted. The officials confirmed that the vulnerability originated from a single point issue in Loopscale's pricing of RateX collateral, and RateX itself has no security risks. The financial losses only affect users of SOL and USDC Genesis Vault deposits. The team is currently working with law enforcement and security experts to investigate the incident and pursue fund recovery. More details regarding user impact, Vault withdrawal arrangements, and a complete technical review report will be released later.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Loopscale officials stated: The loan repayment, margin replenishment, and loop close position functions have been reopened, while other application functions (including Vault withdrawals) remain temporarily restricted. The officials confirmed that the vulnerability originated from a single point issue in Loopscale's pricing of RateX collateral, and RateX itself has no security risks. The financial losses only affect users of SOL and USDC Genesis Vault deposits. The team is currently working with law enforcement and security experts to investigate the incident and pursue fund recovery. More details regarding user impact, Vault withdrawal arrangements, and a complete technical review report will be released later.