The Loopscale hack of 5.8 million dollars surprisingly ended with the return of the funds by the hackers, thanks to an agreement that grants them a 10% bounty.
The decentralized finance (DeFi) platform announced the news in a post on X on April 28.
What happened to the Loopscale protocol? All the details of the agreement with the hackers
On April 26, 2025, the Loopscale platform was the victim of a cyber attack that exploited a vulnerability in the pricing system of the RateX PT token.
Through this manipulation, the hackers managed to steal approximately 5.7 million dollars in USD Coin and 1,200 Solana (SOL) tokens directly from the dedicated vaults.
The attack forced Loopscale to immediately suspend all operations on the markets and limit withdrawals from the vaults, focusing on investigating the breach.
It is important to emphasize that, according to the official communication from the platform, the collateralization mechanism via RateX was not compromised, and t
We współpracy z: https://en.cryptonomist.ch/2025/04/28/loopscale-agreement-with-hacker-funds-returned-with-a-10-bounty/
