Solana Ecosystem Recovers $5.8M in Loopscale Exploit: A Win for DeFi Security

In a significant development for the Solana ecosystem, Loopscale has successfully negotiated the return of $5.8 million in stolen funds following a sophisticated exploit on April 26, 2025. The breach, which targeted Loopscale’s pricing system, resulted in the loss of $5.7 million worth of USDC and 1,200 SOL from its vaults. The hacker manipulated the platform’s RateX PT token price, affecting 12% of total funds and severely impacting depositors. After offering a grace period until April 28, Loopscale secured an agreement with the exploiter to return the stolen assets in exchange for a bounty. This resolution not only safeguards depositors but also reinforces confidence in Solana’s DeFi infrastructure. The swift recovery highlights the resilience of blockchain networks and the growing maturity of decentralized finance protocols in addressing security challenges. As the Solana ecosystem continues to evolve, this incident serves as a testament to the collaborative efforts between platforms and white-hat actors to maintain the integrity of the space.

Loopscale Exploiter Agrees to Return Stolen Funds in $5.8M Hack

Loopscale’s pricing system was exploited on April 26, resulting in a loss of $5.7 million worth of USDC and 1,200 SOL from its vaults. The hacker manipulated the platform’s RateX PT token price, which accounted for 12% of total funds, severely impacting depositors.

After offering a grace period until April 28, Loopscale secured an agreement with the exploiter to return the stolen assets in exchange for a bounty. The platform acknowledged a vulnerability in its pricing structure and proposed a whitehat resolution.

Loopscale Hackers Agree to Return Stolen $5.8 Million in SOL for 10% Bounty

Loopscale, a cryptocurrency exchange, has struck a deal with cybercriminals responsible for a $5.8 million hack. The attackers will return 90% of the stolen funds—approximately 35,527 SOL—while keeping 10% as a bounty. The breach, which occurred on April 26, underscores persistent security vulnerabilities in the digital asset space.

Negotiations concluded on April 28, with the hackers retaining 3,947 SOL. The resolution highlights the growing trend of white-hat incentives in crypto theft cases, though questions linger about the ethics of rewarding malicious actors.

Solstice Labs Announces USX Stablecoin Launch on Solana with $100M Committed TVL

Solstice Labs, backed by Deus X Capital, is set to launch USX—a Solana-native stablecoin designed for transparent yield generation. The synthetic stablecoin will debut this summer alongside a yield protocol boasting over $100 million in committed total value locked (TVL).

USX offers permissionless access to delta-neutral trading strategies, delivering institutional-grade returns to both retail and professional investors. Built for performance on Solana, the stablecoin aims to maintain its peg through automated mechanisms while providing sustainable yield opportunities.

Solana Forms Textbook Cup And Handle Pattern – Massive Breakout Ahead?

Solana trades at critical levels as bulls build momentum near the $155–$160 resistance zone. Broader crypto market strength hints at a sustained rally, though global risks persist amid unresolved US-China trade tensions.

Technical indicators tilt bullish, with analyst Ali Martinez identifying a textbook cup-and-handle pattern—a classic setup preceding major breakouts. The formation, if validated, could signal significant upside for SOL.

Solana Price Prediction: Analysts Bullish on May 2025 as SOL Regains Momentum

Solana (SOL) is experiencing a resurgence, with its price rally fueled by the explosive growth of its meme coin ecosystem. Over the past month, SOL has surged, sparking speculation that the bear market may be ending.

Pseudonymous analyst Inmortal highlights striking parallels between Solana’s current price action and its 2022 rallies, suggesting a potential bullish breakout. "You can’t imagine how important May is," Inmortal tweeted, noting the next 30 days could confirm whether recent gains signal a bear market bounce or a bull market dip.

Two years ago, SOL demonstrated strong recovery after a prolonged downtrend, reinforcing Optimism for a repeat performance.

Sol Strategies’ ETF Inclusion Sparks 47% Stock Surge

Sol Strategies’ stock skyrocketed 47% in just two days after its inclusion in VettaFi’s indices, tracked by Invesco’s BLKC and SATO ETFs. The initial 41% surge over Friday and Saturday was followed by another 5.4% gain as U.S. markets opened Monday.

The blockchain firm publicly celebrated its inclusion alongside other industry leaders, calling it a milestone for institutional crypto adoption. Market momentum suggests growing investor confidence in crypto-linked equities as ETF demand expands.