Loopscale Suspends Protocol Operations Due to Security Attack; Affected Vaults Fully Replenished

TechFlow news, Nov 05, Loopscale said that over the past week it had been continuously targeted by sophisticated attackers, with the protocol's API receiving more than 30,000 malicious requests per day. After security systems detected a significant escalation in attack activity, the team suspended protocol operations to contain the impact. The attack primarily targeted SOL and USDC Genesis Vaults; affected vaults have been fully replenished, and no user deposits suffered any loss.

Loopscale said the protocol will not return to normal operations until the full scope of the attack is determined and security measures are further strengthened. The protocol interface is expected to be re-enabled soon, and the team is working to restore repayment functionality as quickly as possible to reduce the risk of unexpected liquidations. The team has been cooperating with federal law enforcement and security experts, and has published 4 addresses involved in the incident.

Source: TechFlow