Loopscale pauses operations after sustained attack on its Genesis Vaults

The Solana lending protocol says no user deposits were lost and affected vaults were made whole after a week of malicious probing Loopscale has hit the brakes. The Solana-based lending protocol paused all activity after what it described as a sustained, sophisticated attack campaign aimed at its SOL and USDC Genesis Vaults. No user deposits were lost, and the affected vaults were made whole. What happened at Loopscale The pause was announced on November 5, 2026. Loopscale framed it as a precautionary move rather than a reaction to a completed breach. The attack campaign involved more than 30,000 malicious API requests per day over the prior week. Those requests targeted the protocol’s SOL and USDC Genesis Vaults. Loopscale says it is now working with federal law enforcement. The team has also identified four wallet addresses it associates with the attack. Operations will stay paused while the protocol runs further assessments. Loopscale is also weighing additional security hardening measures before turning things back on. A familiar target The Genesis Vaults have been here before. On April 26, 2025, an attacker drained approximately 5.7 million USDC and 1,211.4 SOL from the same va...