28-4-2025 – Loopscale, a lending platform built on the blockchain, has revealed that cybercriminals who exploited a security flaw have pledged to return the pilfered funds. The breakthrough came earlier today at 3:52 PM Eastern Time, when the hackers signalled their readiness to restitute the assets in exchange for a reward. Loopscale has promised to furnish stakeholders with a detailed roadmap for reinstating withdrawal services and a thorough dissection of the incident in the days ahead.
The saga began on April 26, when Loopscale fell victim to a sophisticated cyberattack. In a bid to mitigate the damage, the platform swiftly extended an olive branch, proposing a white hat bounty. Under the terms, the perpetrators would return 90% of the looted assets—equivalent to 35,527 SOL—and, in return, secure a 10% bounty, totalling 3,947 SOL. This strategic move appears to have paved the way for the current resolution, offering a glimmer of hope for the platform’s recovery.
