Loopscale Restores Priority Lending, Contains Two Attack Paths
Photo: TokenPost
Loopscale has restored priority lending on its Solana (SOL) protocol and says it contained two attack paths involving its SOL Genesis Vault and USD Coin (USDC) Genesis Vault. Borrowers can add collateral to all loans, while repayment remains unavailable for loans funded by the USDC Genesis Vault. Borrowers who repay in full can withdraw collateral, but withdrawals tied to those USDC-funded loans remain disabled. Vault withdrawals and other protocol features are still restricted. One attack path targeted the SOL Genesis Vault. Misconfigured asset-pricing parameters caused collateral to be valued as a different asset, enabling about $412,000 in undercollateralized loans.
Source: TokenPost
