CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Moralis Money
CoinTelegraph 2025-04-28 17:49:09

Loopscale hacker in talks to return stolen crypto

The hacker behind the $5.8 million recent Loopscale exploit is in talks to return the stolen funds in exchange for a bounty, the Solana-based protocol said. The exploiter pilfered approximately 5.7 million USDC ( USDC ) and 1,200 Solana ( SOL ) tokens from two of Loopscale’s yield vaults on April 26, prompting the decentralized finance protocol to temporarily pause its lending markets . The following day, the hacker sent a message on the Etherscan blockchain scanner “indicat[ing] a willingness to return the exploited funds in exchange for a bounty,” Loopscale said in an April 27 X post. “We are agreeable to collaborating with you to reach a white hat agreement. However, we would like to negotiate the bounty percentage; our expectation is 20%,” the hacker said. “To demonstrate our commitment to a cooperative approach, we will immediately return the 5,000 wSOL funds following the transmission of this message,” they added. Negotiations are ongoing for the remaining funds, according to the public messaging exchange on Etherscan. Messages exchanged with the Loopscale hacker. Source: Etherscan Related: Solana's Loopscale pauses lending after $5.8M hack The exploit Web3 protocols frequently offer bounties to hackers in exchange for returning lost funds. However, only a small portion of the more than $1.6 billion in crypto stolen during the first quarter of 2025 has been successfully recovered. The Loopscale exploit only impacted the protocol’s USDC and SOL vaults, with losses representing around 12% of its total value locked (TVL), Loopscale co-founder Mary Gooneratne said in an April 26 X post. Source: Loopscale In the aftermath of the attack, Loopscale temporarily halted lending but has since “re-enabled loan repayments, top-ups, and loop closing,” it said in an X post. “All other app functions (including Vault withdrawals) are still temporarily restricted while we investigate and ensure mitigation of this exploit,” Loopscale said . Launched on April 10, Loopscale is a DeFi lending protocol that aims to improve capital efficiency by directly matching lenders and borrowers. Additionally, Loopscale facilitates specialized lending markets, such as “structured credit, receivables financing, and undercollateralized lending,” it said in an April announcement shared with Cointelegraph. Magazine: Bitcoin $100K hopes on ice, SBF’s mysterious prison move: Hodler’s Digest, April 20 – 26

https://www.digistore24.com/redir/325658/ceobig/
Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta