The pirate behind the recent a recent feat of $ 5.8 million is in talks to return the stolen funds in exchange for a bonus, said the Solana -based protocol.
The operator piloted approximately 5.7 million USDC (USDC) and 1,200 Solana tokens (soil) of two of Loopscale yield boxes on April 26, which prompted the decentralized financial protocol to temporarily suspend its loan markets.
The next day, the pirate sent a message on the Blockchain Etherscan scanner “indicate (ING) a desire to return the funds exploited in exchange for a bonus,” said Loopscale in a post of April 27.
“We are pleasant to collaborate with you to achieve a white hat agreement. However, we would like to negotiate the percentage of premium; our expectation is 20%,” said the pirate. “To demonstrate our commitment to a cooperative approach, we will immediately return the 5,000 WSOL funds after the transmission of this message,” they added.
Negotiations are underway for remaining funds, according to the exchange of public messaging in Etherscan.
In relation: Solana’s loopscale pauses ready after $ 5.8 million hacking
The feat
Web3 protocols frequently offer pirate bonuses in exchange for the return of lost funds. However, only a small part of the more than $ 1.6 billion in crypto stolen during the first quarter of 2025 was successfully recovered.
The feat at Loopscale had an impact only the USDC and Sol Vaults of the Protocol, with losses representing approximately 12% of its total locked value (TVL), said the co -founder of Loopscale, Mary Gooneratne, in a post of April 26.
In the aftermath of the attack, Loopscale temporarily interrupted loans, but has since “reactivated loan reimbursements, recharges and closure of loops”, said in a post X.
“All other application functions (including withdrawal of the safe) are always temporarily limited while we are investigating and ensuring the attenuation of this feat,” said Loopscale.
Launched on April 10, Loopscale is a DEFI loan protocol which aims to improve the effectiveness of capital by directly appearing lenders and borrowers.
In addition, Loopscale facilitates specialized loan markets, such as “structured credits, funding for debts and sub-collateralized loans”, he said in an April announcement shared with Cintelelegraph.
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