Loopscale pauses activity after attack on sol and usdc genesis vaults
Loopscale halted operations after an attack campaign hit its Solana and USDC genesis vaults. The company restored the vaults fully and is cooperating with federal authorities.
Key takeaways
- 1Loopscale paused all activity after an attack on its SOL and USDC genesis vaults.
- 2The affected vaults were restored fully with no user deposits lost, and the firm is working with federal law enforcement.
Loopscale announced on 5 November 2026 that it has paused all activity following an attack campaign that targeted its Solana and USDC genesis vaults, Degen News reported.
The firm said the affected vaults have been made whole, no user deposits were lost, and it is working with federal law enforcement to investigate the breach.
Loopscale is a DeFi platform that offers yield‑generating vaults on the Solana blockchain, allowing users to lock SOL or USDC for protocol‑driven returns. Solana trades at $96.55 with a $57 bn market value, while USDC is a stablecoin priced at $1 and a $70.8 bn market, according to YourKhabri data on 5 Nov 2026.
The pause signals heightened scrutiny of cross‑chain vaults and may prompt users to reassess risk exposure. Traders will watch for updates on the investigation and any further security measures Loopscale implements.
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Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.