Loopscale partly restores loan functions, keeps vault withdrawals frozen
Some loan functions return while vault withdrawals stay frozen
Loopscale has partly restored loan functions. Vault withdrawals remain frozen.
Loopscale is a Solana lender, a service that makes loans using crypto assets. Solana is the blockchain network it operates on.
Repayments and collateral access still disabled for some loans
- Some loan functions have been partly restored.
- Vault withdrawals remain frozen.
- Repayments remain disabled for USDC Genesis-funded loans.
- Collateral withdrawals remain disabled for USDC Genesis-funded loans. Collateral means assets locked to support a loan.
Two attack paths described by the lender
The Solana lender detailed two attack paths in its update.
The supplied source material did not include further details on those attack paths.
Where this report comes from
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.
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