Loopscale has released an update on the hacker attack on the X platform, revealing that the work of re-enabling Vault withdrawals is nearing completion. It is expected that withdrawals will be ready in the next few days. Loopscale had previously disclosed that the final recovered balance of funds is 5,697,102.5 USDC and 1,215 SOL. All Loopscale treasuries, including the Genesis treasury (SOL, USDC, and USDG) and others (jitoSOL and fragSOL), will be subject to a 24-hour withdrawal limit per user, per treasury, aimed at mitigating liquidity shocks and preventing a sharp increase in borrowing rates.
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Loopscale: Vault withdrawals are expected to resume in the coming days
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