According to Gate.io News bot, as reported by Wu, the Solana ecosystem lending protocol Loopscale announced that it will resume withdrawal functionality on May 9th at 10:00 AM Eastern Time (May 9th at 10:00 PM Beijing Time).
The protocol has completed the audit work for the updated patch. During the recovery period, the protocol implements a 24-hour withdrawal limit for users: the daily withdrawal limit for SOL deposit users is 2500 SOL, for USDC and USDG users, the daily withdrawal limit is 500000 USDC/USDG, and for jitoSOL users, the daily withdrawal limit is 500 jitoSOL.
Previously, Loopscale suffered a hacker attack, resulting in approximately 5.7 million USDC and 1,200 SOL being stolen. After negotiations with the hacker, all the stolen funds have been recovered.
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