On April 27, it was reported that Solana's online lending agreement Loopscale disclosed on the X platform that at 11:30 am EST time today (23:30 Beijing time on April 26), Loopscale's RateX PT token pricing function was manipulated, resulting in approximately 5.7 million USDC and 1200 SOL stolen from Loopscale's USDC and SOL vaults. Currently, all markets in Loopscale have temporarily suspended trading so that the team can conduct further investigations. The funds involved in this security breach account for about 12% of Loopscale's total funds and only affect depositors who deposit funds into Loopscale's USDC and SOL vaults. Borrowers and revolving loan users were not affected. We are making every effort to promote the restoration of the repayment function as soon as possible to avoid unforeseen liquidation situations. The team is working closely with law enforcement officials, security experts and investors to recover the funds. More information and a complete technical analysis report will be released as soon as it becomes available.