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Loopscale Partially Restores Loan Functions While Vault Withdrawals Remain Frozen
(3 hours ago) · 1 source · Summarized by CryptoBipto
Loopscale has partly restored its loan functions following a disruption but continues to keep vault withdrawals frozen. The platform appears to be working through a recovery process after a security incident, with full functionality not yet restored.
WHY IT MATTERS
In decentralized finance, or DeFi, platforms let people lend, borrow, and earn returns on their crypto without a traditional bank.
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SOURCES
- thedefiant.io
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