Loopscale halts operations after 30,000 daily malicious API requests

Solana-based lending protocol Loopscale has temporarily suspended operations after a week-long campaign of malicious requests targeting its SOL and USDC vaults, although the team says user deposits remain safe. Summary Loopscale temporarily suspended protocol activity after its APIs received more than 30,000 malicious requests per day during a sustained attack campaign over the past week. The attacks targeted the lending protocol’s SOL and USDC Genesis vaults, but the team confirmed that affected vaults had been made whole and no users had suffered losses. A Loopscale team member confirmed on Discord that the security incident involved the protocol’s older Genesis vaults and that investigations were continuing. The protocol plans to restore its interface and loan repayment functionality while additional security measures are implemented to prevent further disruption. The latest incident follows an April 2025 exploit that drained approximately $5.8 million from Loopscale before the funds were recovered through an agreement with the attacker. In a November 5 statement, Loopscale said its security systems detected a significant escalation in the attacks after the protocol’s APIs recei...