Loopscale: Some deposits in the SOL Genesis Treasury may have an indirect exposure to Drift.

金色财经_ · 2026-04-02T06:45:01+00:00

Golden Finance reports that the Solana-based lending protocol Loopscale states it has no direct connection with Drift. Most of the product funds are secure, but some funds have indirect exposure. The related vaults have temporarily disabled deposit and withdrawal functions, and users will be fully compensated for any losses.

金色财经_

2026-04-02 06:45:01

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Golden Finance reports that on April 2, the on-chain lending protocol Loopscale on the Solana chain posted on X, stating that it has no direct relationship with Drift. Most product funds are secure, including the USDC Genesis and USDC OnRe treasury vaults. However, in the SOL Genesis treasury vault, approximately $170,000 in deposits were allocated to MarginFi, with a small portion indirectly exposed—either through Project0 borrowers using Drift positions as collateral via a loan. If any losses occur, the official account will fully compensate affected users. In addition, the deposit and withdrawal functions of the SOL Genesis, JitoSOL ONE, and wETH ONE treasury vaults have been temporarily disabled; they will be reopened after MarginFi resumes normal operations.

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