Loopscale Suspends Protocol Activities Following Week-Long Attacks

Huo Xing Finance reports that on November 5, the Solana-based lending protocol Loopscale announced it had been continuously targeted by attackers over the past week, with over 30,000 malicious requests received daily via its API. However, all user deposits remain secure. After its security system detected a significant escalation in the attacks, the team promptly suspended protocol operations to mitigate impact. The attack attempts primarily targeted the SOL and USDC Genesis Vaults, which have since been replenished, with no losses to user deposits. Loopscale stated it will not resume normal operations 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 quickly as possible to minimize the risk of accidental liquidations. The team has published four associated addresses and is collaborating with federal law enforcement and security professionals, with further critical updates to be released continuously.