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The previously stolen lending agreement Loopscale will resume withdrawals tomorrow night

2025-05-08 05:58

Odaily News The Solana ecological lending protocol Loopscale, which was previously hacked, officially announced that it plans to resume withdrawals at 10:00 EST on May 9 (22:00 BJT on May 9). Although the protocol update patch has been audited, the 24-hour withdrawal amount for each user will still be limited in the initial stage: SOL deposit users can withdraw up to 2,500 SOL every 24 hours, USDC and USDG users can withdraw up to 500,000 USDC/USDG every 24 hours, and jitoSOL users can withdraw up to 500 jitoSOL every 24 hours.
According to previous news, Loopscale was hacked due to a security vulnerability last month, and about 5.7 million USDC and 1,200 SOL were stolen. After negotiations with the hackers, all the lost funds have been recovered.