News list for "loop scale"
Loopscale released a hacking post-event report, disclosing that hackers exploited the pricing logical vulnerability of the agreement, resulting in the unauthorized outflow of 5,726,724.97 USDC and 1,211.4 SOL from the USDC and SOL Genesis vaults. All funds have been recovered. Loopscale added that the re-enablement of full protocol features will be rolled out in stages, the refinancing feature will be restarted soon, and the grace period will be extended by 3 days to provide borrowers with the o...
Loopscale, which was previously hacked, issued a reminder on the X platform saying that it has received reports of phishing attacks against Loopscale users, reminding the community that the Loopscale team will never send private messages or emails directly to users, please do not click on any links claiming to be from Loopscale, and the official update of the withdrawal process will be released from Loopscale's official X account.
Loopscale said in a post that all funds (including 5,726,725 USDCs and 1,211 SOLs) taken from the Loopscale agreement on April 26 have now been recovered after successful negotiations with the hackers. In this incident, users' deposits will not suffer any losses. More details, including information on vault withdrawals, will be announced later.
Loopscale said in a post on the X platform that after successful negotiations, all funds (5,726,725 USDC + 1,211 SOL) withdrawn from the Loopscale agreement by hackers on April 26 have now been refunded, and the incident will not cause any loss to users' deposits. More details, including information on the withdrawal from the vault, will be announced later.
Loopscale said in a statement on the X platform that it is working hard to reach an amicable solution to the previous hacking incident, which is currently progressing smoothly. At 2:19AM EST on April 29, approximately 10,000 WSOL (approximately 1.48 million USD) were returned to Loopscale Wallet. At 3:14 PM EST on April 29, another 4,463 WSOLs (approximately $660,000) were returned to the Loopscale wallet. Yesterday 5,000 WSOL (~ $740,000) were returned to Loopscale Wallet. Loopscale added that ...
The official social media account of Loopscale Labs revealed that the project team received a response from the hackers at 3:52 PM EST, expressing their willingness to return the stolen funds through a bounty. Loopscale Labs said that the two sides are currently actively negotiating to reach an amicable solution. In view of this progress, the project party will delay the release of the withdrawal recovery plan and the full analysis report of the incident, which is expected to be released in the ...
Loopscale, Solana's on-chain lending protocol, was attacked today, resulting in the theft of about 5.70 million USDC and 1200 SOL. The protocol released an event update on the X platform. Loan repayment, recharge and revolving loan closure functions have been re-enabled. Other application functions (including Vault withdrawal) are still temporarily limited. It is still investigating and ensuring that this vulnerability is mitigated. Loopscale added that the root cause of this vulnerability has b...
Loopscale, a modular DeFi lending marketplace, closed beta testing for six months and went live. Loopscale is built on Solana and is backed by CoinFund, Solana Ventures, and Coinbase Ventures.
