Odaily Planet Daily reports that, according to Loopscale monitoring, attackers have consistently targeted protocols over the past week, with Loopscale’s API receiving over 30,000 malicious requests daily; all user deposits remain secure. After the security system detected a significant escalation in attacks, the team promptly suspended protocol operations to mitigate impact. The attack attempts primarily targeted SOL and USDC Genesis Vaults, which have since been replenished, with no losses to user deposits. Loopscale stated that normal operations will not resume until the full scope of the attack is fully understood and additional security measures are implemented; the protocol interface will be reopened soon, and repayment functionality will be restored as soon as possible to reduce the risk of accidental liquidations. The team has published four associated addresses and is collaborating with federal law enforcement and security professionals, with further important updates to be released continuously.
Loopscale Pauses Protocol Activities Amid Ongoing Attacks; Affected Vaults Restored
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Summary
Loopscale has paused protocol activities to counter ongoing attacks, with its API receiving over 30,000 malicious requests daily. All user funds remain secure, and the affected SOL and USDC Genesis Vaults have been restored. The team will not resume operations until the full scope of the attack is understood and CFT measures are strengthened. Interface access will reopen soon, with repayment functions returning to mitigate liquidation risks. Loopscale has shared four linked addresses and is collaborating with law enforcement and security firms to investigate the incident. The pause underscores growing concerns regarding liquidity and the stability of crypto markets.
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