Loopscale: Subjected to sustained attacks over the past week, protocol activities have been suspended and affected vaults have been replenished.

BlockBeats news, November 5 - Solana on-chain lending protocol Loopscale stated in a post that over the past week, it has been continuously targeted by attackers, with the protocol API receiving over 30,000 malicious requests daily, but all deposited user funds are currently safe. Previously, after the security system detected a significant escalation in attacks, the team promptly suspended protocol activities to mitigate the impact. The attack attempts mainly targeted SOL and USDC Genesis Vaults, which have been replenished, and no user deposits have been lost.

Loopscale stated that it will not resume normal operations until the scope of the attack is fully clarified and further security reinforcements are completed. It will soon reopen the protocol interface and restore repayment functions as soon as possible to reduce the risk of accidental liquidations. The team has published 4 associated addresses and stated that it is cooperating with federal law enforcement and security professionals and will continue to release important updates.