Decentralized finance platform Loopscale has announced that it reached an agreement with the hackers to return the stolen funds in exchange for a bounty.
According to the official Loopscale account on X, the hackers agreed to return $5.8 million in exchange for a 10% bounty. The platform thanked the hackers, stating: “We appreciate their engagement so far and we are actively working to reach an amicable resolution.”
At 3:52PM ET today, we received a response from the exploiter. They have indicated a willingness to return the exploited funds in exchange for a bounty.
We appreciate their engagement so far and we are actively working to reach an amicable resolution.
As such, we will be… https://t.co/znCZxtoi1z— Loopscale (@LoopscaleLabs) April 28, 2025
On April 26, Loopscale was hacked, resulting in the loss of approximately $5.7 million in USD Coin and 1,200 Solana. Following the breach, the firm stopped all the operations and temporarily halted all markets to conduct an investigation.
Also read: ZKSync recovers $5M in stolen tokens
The following day, Loopscale offered a 10% reward (equivalent to 3,947 SOL) in exchange for 90% of the stolen assets (35,527 SOL), promising the hacker immunity from legal repercussions. It appears that the hackers later accepted the offer. According to bitget.com.