Loopscale recovers $2.8M after weekend DeFi hack and bounty talks
Loopscale has recovered nearly half of the funds stolen during a recent exploit, with approximately 19,463 Wrapped SOL (WSOL), valued at around $2.88 million, returned since April 28. The recoveries included 10,000 WSOL (~$1.48 million), 4,463 WSOL (~$660,000), and an earlier return of 5,000 WSOL (~$740,000). The team is negotiating with the attacker, offering a 10% bounty for the return of 90% of the stolen funds, which totaled about $5.7 million in USDC and 1,200 Solana (SOL). The exploit occurred on April 26 and affected only vault depositors. In related news, Term Finance recovered $1 million of $1.6 million lost due to a misconfigured oracle. In Q1 2025, over $1.6 billion in crypto was stolen from exchanges and smart contracts, with a significant portion linked to a $1.5 billion attack by the Lazarus Group on Bybit.
