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Loopscale: Hacker Agrees to Return Stolen Funds, Will Release Withdrawal Recovery Plan in the Coming Days

9 hours ago

On April 28th, Loopscale, a modular DeFi lending market constructed on Solana, announced today that the hacker had responded at 3:52 pm (US Eastern Time), expressing their willingness to return the exploited funds and receive a bounty. The team will disclose the withdrawal recovery plan and a comprehensive post-incident analysis in the forthcoming days. BlockBeats had previously reported that Loopscale was attacked at 12:30 am (Beijing Time) on April 27th. The attack manipulated the RateX PT token pricing function, leading to the theft of approximately 5.7 million USDC and 1200 SOL, accounting for about 12% of the platform's total funds. Loopscale is willing to offer the hacker a white hat agreement in exchange for 90% of the exploited funds (35,527 SOL).
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