Loopscale Restores Lending Features, Confirms Attack Involved Two Paths with No User Loss

ChainCatcher report: According to Loopscale monitoring, the platform has restored its priority lending function, allowing all loans to accept additional collateral. Repayments are now permitted for all loans except those funded by the USDC Genesis Vault; borrowers may reclaim their collateral upon full repayment. The ability to withdraw collateral for loans tied to the USDC Genesis Vault remains temporarily disabled, and vault withdrawals and other protocol functions continue to be restricted. The team is working with partners to advance security recovery efforts. Loopscale states that it has identified and contained the two attack vectors exploited by the attacker. First, the attacker leveraged an incorrect asset pricing parameter configuration, causing collateral deposited into the SOL Genesis Vault to be misvalued as another asset, resulting in approximately $412,000 in undercollateralized loans. Subsequently, the attacker used an atomic transaction combination to sell a loan with an abnormally high interest rate to the USDC Genesis Vault, artificially inflating its net asset value (NAV) and extracting approximately $521,000 in redemption proceeds; this operation was intercepted by the system within 30 seconds of transaction generation. Loopscale confirms that user deposits will not suffer any losses as a result of this incident.