Loopscale suspends protocol operations due to security attack, affected vaults fully replenished

Loopscale paused protocol operations after a week of sustained attacks in which its API received over 30,000 malicious requests per day, with the activity escalating enough for its security systems to flag it. The attacks targeted the SOL and USDC Genesis Vaults, and the affected vaults have been fully recapitalized with no user deposits lost. The protocol will stay offline until the full scope of the attack is established and security is hardened, though the interface is expected back soon and repayment functions are being restored to limit forced-liquidation risk. The team is working with federal law enforcement and security experts and has published four addresses tied to the incident. What to watch next is when Loopscale resumes normal operations and whether the added safeguards hold against further requests.