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Loopscale has resumed loan repayment and margin calls, but Vault withdrawals are still restricted

2025-04-27 03:50

Odaily News Loopscale officials said: loan repayment, margin and cyclical liquidation functions have been reopened, and other application functions (including Vault withdrawal) are still temporarily restricted. Officials confirmed that the vulnerability originated from Loopscale's single point problem with RateX collateral pricing. RateX itself has no security risks, and the loss of funds only affects SOL and USDC Genesis Vault deposit users. The team is currently working with law enforcement agencies and security experts to investigate the incident and promote fund recovery. More details on user impact, Vault withdrawal arrangements and a complete technical review report will be released later.