Solana Lending Protocol Loopscale Restores Deposits and Withdrawals for All Vaults

TechFlow reported on November 8 that, according to The Defiant, Solana lending protocol Loopscale has restored deposits, withdrawals, and full loan management functionality for all vaults, including the USDC Genesis vault, after a pause caused by an attack.

Previously, borrowers in the USDC Genesis vault were still unable to repay loans or withdraw collateral, and withdrawals from all vaults were frozen. The report noted that restored access does not mean immediate unlimited withdrawals; withdrawals remain subject to available liquidity.

Loopscale said the previously affected SOL and USDC Genesis vaults have been replenished, and user deposits suffered no losses. The team plans to release a full technical post-mortem afterward.

Source: TechFlow