Loopscale Says Vault Deposits And Withdrawals Have Resumed
Loopscale says all vaults have reopened, restoring deposits, withdrawals and loan management after a security pause.
Loopscale said deposits and withdrawals had resumed for all its lending vaults, alongside full loan management, in an update at 21:40 UTC on 7th November 2026. The Solana lending protocol said a technical account of the incident would follow.
The notice extends an earlier partial reopening. Its quoted 6th November update had restored collateral top-ups across the platform. Repayments were available too, except on loans financed by the USDC Genesis Vault. USDC is Circle's dollar-backed token. Collateral is the asset pledged to secure a loan. Restoring deposits and withdrawals broadens access for lenders as well as borrowers managing existing debt.
In its 5th November statement, Loopscale said it had paused operations after a sustained campaign of malicious requests targeting its SOL and USDC Genesis Vaults. SOL is the token used to pay Solana transaction fees. The team said affected vaults had been made whole and no user deposits had suffered losses.
Not every reply describes a successful return to service. One user reported a withdrawal error, another said withdrawal remained unavailable after the due date, and a third asked about a missing term-adjustment option. These are individual public reports, not independently tested account outcomes or proof of a general outage.
The independent data provider DefiLlama displayed $85.15 million in total value locked and $35.86 million in active loans when read at 07:13 UTC on 8th November. Its total value locked measures tokens held in the protocol's smart contracts, the programs handling transactions, and excludes active loans. The figures describe the lending platform's scale, rather than funds lost, repaid or successfully withdrawn after reopening.
Loan-management access matters because borrowers may need to change their positions before collateral is sold to cover debt, a process called liquidation. Loopscale's health and liquidation documentation says adding collateral or repaying part of a loan can improve its health, the measure of its distance from the liquidation threshold.
The same documentation says liquidation can occur when loan health falls to zero or a loan cannot be automatically refinanced, meaning rolled into a new borrowing term. Its refinancing guide says that if a loan expires without a matching lender, a 48-hour grace period starts; a position still unpaid afterwards may be partially liquidated. Debt used in the health calculation includes the original borrowing and interest for the full loan term. Restoring those controls therefore concerns existing obligations as well as new deposits.
Our CeFi and DeFi guide explains how lending through a wallet can leave deposited assets dependent on contract rules and withdrawal liquidity. Earlier Aave restrictions also showed why a pause must be read function by function: LlamaRisk's 30th October report said its frozen markets kept withdrawals and repayments available while blocking new deposits and loans.
