Loopscale: The final funds recovered were 5697102.5 USDC and 1215 SOL, and a 24-hour withdrawal limit constraint will be temporarily implemented on the vault

According to a report by Golden Finance, Loopscale has released an update on the hacking incident on the X platform, revealing that the final recovered balance of funds was 5697102.5 USDC and 1215 SOL. Due to the attacker converting USDC to SOL at a non optimal exchange rate, there is a difference of approximately $29000. The Loopscale team will fully compensate for this difference to ensure that all users are compensated. In addition, to ensure the security and stability of the protocol, all Loopscale vaults, including Genesis vaults (SOL, USDC, and USDG) and others (jitoSOL and fragSOL), will be subject to a 24-hour withdrawal limit for each user and vault, aimed at mitigating liquidity shocks, preventing sharp increases in borrowing rates, and providing borrowers with the time needed to repay without triggering avoidable liquidation. At present, the refinancing function is still disabled, and once the agreement flows out stably, it will be reactivated a few days after the start of vault withdrawals.