Loopscale: Most products were not affected by the Drift event, and the SOL treasury has an indirect exposure of $170,000.

CoinNetwork · 2026-04-02T05:53:54+00:00

Loopscale announced that most of its products are unaffected by the Drift incident, ensuring fund security. Some deposits in the SOL Genesis vault may carry indirect risks; if there are any losses, users will be fully compensated. Due to the suspension of MarginFi functions, deposits and withdrawals related to the vault are temporarily closed and will resume and be updated after operations restart.

CoinNetwork

2026-04-02 05:53:54

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Coin World News,

On April 2, Loopscale, a Solana ecosystem lending protocol, posted on X stating that most of its products (including the USDC Genesis and USDC OnRe vaults) were not directly affected by the Drift incident, and that funds are safe. Approximately $170,000 in deposits in the SOL Genesis vault are allocated to MarginFi, where a small portion may have an indirect exposure through Drift position collateral from the Project0 borrower. If any losses occur, Loopscale will fully compensate affected users.

Because MarginFi has paused its protocol functions, the deposit and withdrawal functions for the SOL Genesis, JitoSOL ONE, and wETH ONE vaults are temporarily disabled. Loopscale will reopen them after MarginFi resumes normal operations and will promptly update users on progress.

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