Loopscale Suspends Protocol Activities in Response to Ongoing Attacks

Loopscale announced that it has suspended protocol activities to mitigate the impact of ongoing attacks over the past week. The protocol's API has received over 30,000 malicious requests daily, but all user funds are secure. The attacks primarily targeted the SOL and USDC Genesis Vaults, which have been replenished, and user deposits have not been compromised. Loopscale stated that it will not resume normal operations until the scope of the attacks is fully clarified and security enhancements are completed, with plans to reopen the protocol interface and restore repayment functions as soon as possible to reduce liquidation risks. The team has disclosed four associated addresses and is collaborating with federal law enforcement and security professionals to provide ongoing important updates.

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