PANews|Nov 05, 2026 11:34
[Loopscale Suffers Continuous Attack, Protocol Suspended, User Funds Unaffected]
Loopscale announced that it has been under continuous targeted attack from a highly skilled attacker over the past week, with its protocol API receiving over 30,000 malicious requests daily. Loopscale emphasized that all user deposits are safe. Loopscale stated that its security systems detected a significant escalation of the attack and subsequently suspended protocol activities to mitigate its impact. The attack primarily targeted the Genesis Vaults for SOL and USDC. Affected vaults have been replenished, and user deposits have not been lost. The official statement indicated that the protocol will not resume normal operations until the full scope of the attack is determined and security measures are further strengthened.
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