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- Gate July 2025 Transparency Report:
Accelerating Leadership in the Global Crypto Landscape!
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The Solana ecosystem lending protocol Loopscale announces the resumption of withdrawal services.
According to Gate.io News bot, as reported by Wu, the Solana ecosystem lending protocol Loopscale announced that it will resume withdrawal functionality on May 9th at 10:00 AM Eastern Time (May 9th at 10:00 PM Beijing Time).
The protocol has completed the audit work for the updated patch. During the recovery period, the protocol implements a 24-hour withdrawal limit for users: the daily withdrawal limit for SOL deposit users is 2500 SOL, for USDC and USDG users, the daily withdrawal limit is 500000 USDC/USDG, and for jitoSOL users, the daily withdrawal limit is 500 jitoSOL.
Previously, Loopscale suffered a hacker attack, resulting in approximately 5.7 million USDC and 1,200 SOL being stolen. After negotiations with the hacker, all the stolen funds have been recovered.