Loopscale releases post attack report: refinancing function is about to restart

According to a report by Golden Finance, Loopscale has released a post attack report revealing that hackers exploited pricing logic vulnerabilities in the protocol, resulting in unauthorized outflow of 5726724.97 USDC and 1211.4 SOL from the USDC and SOL Genesis vaults. All funds have been recovered. Loopscale added that it will gradually reintroduce the full protocol function, and the refinancing function will be restarted soon. The grace period will be extended by 3 days, providing borrowers with opportunities to repay or close positions. It is recommended that borrowers monitor their positions to prevent changes in interest rates or liquidity tightening. In addition, from April 26th to June 7th, Vault or Advanced Lend depositors' balances will receive a 12 fold point increase.