LoopScale paused operations following an attack on SOL and USDC Genesis Vaults; affected users reimbursed with no losses reported.
Security & Exploits ·
LoopScale halted operations following an attack on its SOL and USDC Genesis Vaults, with affected vaults receiving reimbursement and no user losses reported. A separate incident involved the protocol repaying a $431,000 bad loan stemming from an oracle exploit, though a subsequent $520,000 USDC withdrawal has raised questions about the protocol's solvency.