Crisis or Opportunity? Loopscale Hacker Negotiates!

In a brazen move, the hacker behind the Loopscale exploit is in talks to return $5.8 million worth of stolen crypto for a bounty. The Solana-based DeFi protocol faced this turmoil on April 26, halting its lending markets temporarily. This cyber escapade isn't uncommon in the chaotic crypto world. Much of the stolen $1.6 billion this year remains unrecovered. The Loopscale breach affected its USDC and SOL vaults, causing a 12% devaluation of its total value locked. Negotiations are ongoing as Loopscale founders aim to mitigate this exploit and restore confidence.