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

BlockBeats News, April 28, Loopscale, a modular DeFi lending market built on Solana, posted today that the hacker had replied at 3:52 pm (US Eastern Time) stating that they are willing to return the exploited funds and receive a bounty. The team will share the withdrawal recovery plan and a comprehensive post-incident analysis in the coming days.

BlockBeats previously reported that Loopscale was attacked on April 27 at 12:30 am (Beijing Time). The attack manipulated the RateX PT token pricing function, resulting in approximately 5.7 million USDC and 1200 SOL being stolen, 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).