Loopscale will resume withdrawals tomorrow night.

WuSaidBlockchainW
SOL-2.39%
USDC-0.01%

According to Wu, the Solana ecosystem lending protocol Loopscale announced that it plans to resume withdrawals at 10:00 AM Eastern Time on May 9 (10:00 PM Beijing Time on May 9). Although the protocol update patch has completed the audit, there will initially be limits on the 24-hour withdrawal amount for each user: SOL deposit users can withdraw a maximum of 2500 SOL every 24 hours, USDC and USDG users can withdraw a maximum of 500000 USDC/USDG every 24 hours, and jitoSOL users can withdraw a maximum of 500 jitoSOL every 24 hours. Previously, Loopscale was attacked by hackers due to a security vulnerability, resulting in the theft of approximately 5.7 million USDC and 1200 SOL. After negotiations with the hackers, all the lost funds have been recovered.

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