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Loopscale Reopens All Vaults After Freezing Them Following Security Attack
(3 hours ago) · 1 source · Summarized by CryptoBipto
Loopscale has reopened all of its vaults after previously freezing them in response to a security attack. The platform had paused vault operations to contain the damage and investigate the incident. With the freeze now lifted, users can again access their funds.
WHY IT MATTERS
In crypto, a "vault" is like a digital safe where users deposit their cryptocurrency to earn returns or use other financial services.
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SOURCES
- thedefiant.io
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