The Internet reported that Solana's on-chain lending agreement Loopscale was attacked today, resulting in the theft of approximately 5.7 million USDC and 1200 SOL. The agreement released an event update on the X platform and has now re-enabled loan repayment, recharge and revolving loan closure functions. Other application functions (including Vault withdrawals) are still temporarily limited, and investigations are still under way to ensure mitigation of this vulnerability. Loopscale added that the root cause of the breach has been determined to be an independent issue of RateX-based collateral pricing. RateX itself has nothing to do with it. Financial losses only affect depositors in SOL and USDC Creation Treasury, and a complete technical post-mortem analysis will be released later.