PANews reported on April 27 that the Solana on-chain lending protocol Loopscale was attacked today, resulting in the theft of approximately 5.7 million USDC and 1,200 SOL. The protocol released an event update on the X platform: "Currently, the loan repayment, recharge and revolving loan closing functions have been re-enabled, and other application functions (including Vault withdrawals) are still temporarily restricted. We are still investigating and ensuring mitigation of this vulnerability. The root cause of this vulnerability has been determined to be an independent issue with collateral pricing based on RateX. RateX itself has nothing to do with this. The loss of funds only affects depositors in the SOL and USDC Genesis vaults. A complete technical post-mortem analysis will be released later."