Loopscale, a lending protocol, was attacked, and about 5.7 million USDC and 1,200 SOL were stolen

The Solana on-chain lending protocol Loopscale disclosed on the X platform that at 11:30 am EST today (23:30 Beijing time on April 26), the pricing function of Loopscale's RateX PT token was manipulated, resulting in the theft of approximately 5.7 million USDC and 1,200 SOL from the Loopscale USDC and SOL vaults. Currently, all Loopscale markets have been temporarily suspended to allow the team to further investigate. The funds involved in this security vulnerability incident account for approximately 12% of Loopscale's total funds and only affect depositors who deposited funds into Loopscale's USDC and SOL vaults. Borrowers and revolving loan users are not affected. We are working hard to restore the repayment function as soon as possible to avoid unforeseen liquidations. The team is working closely with law enforcement officials, security experts, and investors to recover the funds. Once more information and a complete technical analysis report are obtained, it will be released immediately. This is a vulnerability originating from the RateX PT token market on Loopscale. RateX itself is not affected.