Loopscale: Most Products Unaffected by Drift Incident, $170,000 Indirect Exposure in SOL Treasury

AirdropBlackHole · 2026-04-02T08:55:30+00:00

Loopscale assured users that its products remain safe despite the Drift incident, with $170,000 in deposits in MarginFi. While some exposure exists, affected users will be compensated. Treasury functions are temporarily closed until MarginFi resumes.

AirdropBlackHole

2026-04-02 08:55:30

Abstract generation in progress

On April 2, the Solana ecosystem lending protocol Loopscale announced on X platform that most of its products, including the USDC Genesis and USDC OnRe treasuries, were not directly affected by the Drift incident, ensuring the safety of funds. Approximately $170,000 in deposits from the SOL Genesis treasury are allocated in MarginFi, with a small portion potentially having indirect exposure through collateral from Project0 borrowers’ Drift positions. In the event of any losses, Loopscale will fully compensate affected users. Due to MarginFi suspending its protocol functions, the deposit and withdrawal features for the SOL Genesis, JitoSOL ONE, and wETH ONE treasuries are temporarily closed. Loopscale will reopen these features once MarginFi resumes normal operations and will keep users updated on progress.

DRIFT17,54%

SOL-4,1%

USDC-0,01%

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