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Loopscale: Finally recovered 5,697,102.5 USDC and 1,215 SOL, temporarily imposing a 24-hour withdrawal limit on the treasury

The Internet reported that Loopscale released an update on the X platform, which disclosed that the final balance of funds recovered was 5,697,102.5 USDC and 1,215 SOL. Since the attacker converted USDC into SOL at a non-optimal exchange rate, there was a difference of approximately US$29,000. The Loopscale team will fully compensate the difference to ensure that all users are compensated. In addition, to ensure the security and stability of the agreement, all Loopscale vaults, including Genesis vaults (SOL, USDC and USDG) and others (jitoSOL and fragSOL), will be bound by a 24-hour withdrawal limit per user, per vault, designed to mitigate liquidity shocks, prevent borrowing rates from soaring, and provide borrowers with the time needed to repay without triggering avoidable liquidation. The refinancing function is still disabled and will be reactivated a few days after treasury withdrawals begin once the outflow of the agreement stabilizes.

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