Press Enter to search · ESC to close

Crypto DeFi

Loopscale Restores Some Loan Functions, Keeps Vault Withdrawals Frozen

Solana lending protocol Loopscale has partly restored loan functions but repayments and collateral withdrawals remain disabled for USDC Genesis-funded loans, the protocol said. It detailed two attack paths behind the disruption. Vault withdrawals also stay frozen.

Original source

AI take

Partial restoration is a reminder that incident recovery in DeFi is rarely a single switch: the protocol is reopening the functions it can safely operate while leaving the paths tied to the exploited USDC Genesis loans and vault withdrawals shut. The distinction matters most for users whose funds sit on the still-frozen side, since restored borrowing capacity does little for those unable to exit. The open question is whether Loopscale's account of the two attack paths translates into a credible path to unfreezing repayments and collateral, and how long that gap persists.

Generated by AI for reference only.

Share

Related News

TREE NEWS share card
Long-press image above → Save to Photos / Share
Pitch us Feedback