Loopscale Reopens Loan Repayment and Liquidation Functions Amid Security Investigation

According to Odaily, Loopscale has announced the reopening of its loan repayment, margin call, and liquidation functions. However, other application features, including Vault withdrawals, remain temporarily restricted. The company confirmed that the recent vulnerability was due to a single-point issue in the collateral pricing of RateX, which itself poses no security risk. The financial loss has primarily affected users with deposits in SOL and USDC Genesis Vaults. The Loopscale team is currently collaborating with law enforcement and security experts to investigate the incident and recover the funds. Further details on user impact, Vault withdrawal arrangements, and a comprehensive technical review report will be released in due course.