Loopscale to Resume Withdrawals and Announce Vulnerability Review, Offering 12x Points Reward for Existing Users
According to the Loopscale announcement, the Vault withdrawal function will be fully restored at 10:00 AM Eastern Time tomorrow (UTC+8 22:00), along with the release of a security incident review report. The new withdrawal logic and vulnerability fixes have been audited by Sec3 and an independent audit firm. To stabilize the protocol, a 24-hour limit per user will be set in the short term. To thank early users, those who deposited into Vault and Advanced Lending before April 26 will receive a 12x points reward, continuing until June 7.
At the end of last month, it was reported that Loopscale announced all stolen funds had been fully recovered, with no loss to users.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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