Loopscale Hackers Agree to Return $5.8M for 10% Bounty
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Decentralized finance platform Loopscale has reached a settlement with the hackers responsible for its $5.8 million exploit. The attackers agreed to return the stolen funds in exchange for a 10% bounty, marking a rare instance of cooperation between exploiters and a DeFi project.
Loopscale confirmed the resolution via an Apr. 28 post on X, thanking the hacker for their willingness to negotiate. The platform pledged to provide updates on vault withdrawals and a full post-mortem analysis in coming days. The incident highlights the evolving dynamics of crypto security breaches, where white-hat incentives increasingly replace adversarial standoffs.
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