A recent security incident affecting Solana-based lending protocol Loopscale has led to the recovery of all lost funds. According to Foresight News, an attacker exploited a pricing logic flaw in the protocol’s RateX PT token mechanism, resulting in a USDC loan of 5,726,700 USD and 1,211.4 SOL being withdrawn. The attack was discovered after Loopscale released a report detailing their security breach. Negotiations successfully led to all funds recovery. Loopscale has publicly apologized for the incident and committed to strengthening their security measures going forward. These efforts include mandatory third-party audits of future code, introduction of bug bounty programs, increased multi-signature authorization procedures for both borrowing and withdrawals, as well as setting limits on both borrowing and withdrawal activities.