Loopscale suffered an attack, about 5.7 million USDC and 1,200 SOL were stolen

Odaily News Loopscale, a modular DeFi loan market built on Solana, was attacked at 0:30 am (Beijing time) today. Due to the manipulation of the RateX PT token pricing function, about 5.7 million USDC and 1,200 SOL were stolen, accounting for about 12% of the total funds on the platform. At present, all markets have been suspended. The team is promoting the restoration of repayment functions to avoid accidental liquidations, and working with law enforcement agencies, security teams and investors to recover funds. A detailed incident analysis report will be released later.