The Defi Loopscale protocol recovered almost half of the stolen funds during a major feat during the weekend, while White Hat is negotiating with the striker of signs of progress.
In an update of April 29 published on X, Loopscale confirmed that around 19,463 wrapped ground (WSOL) (worth around 2.88 million dollars) have been returned to its wallets since April 28.
The first two yields included 10,000 WSOL (~ 1.48 million dollars) and 4,463 WSOL (~ $ 660,000), after a previous recovery of 5,000 WSOL (~ $ 740,000).
“Our continuation of a friendly resolution concerning the incident on Saturday continues to progress,” wrote the team.
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Loopscale offers 10% premium for the return of funds
On April 27, the Loopscale team said they had sent an onchain message to the operator, offering them a bonus of 10% and a complete liberation of responsibility in exchange for 90% of the stolen funds.
The team warned that if no agreement was concluded within 24 hours, they would contact the police.
At 3:52 p.m. East time, on April 28, Loopscale announced that she had received an answer from the exploitation, which indicated the desire to negotiate a return in exchange for a bonus.
The feat took place on April 26, when the handling of pricing functions at the Loopscale Ratex PT token led to a flight of approximately $ 5.7 million in USDC (USDC) and 1,200 Solana (soil) of its USDC and Sol vaults.
The stolen amount represented approximately 12% of the total of the platform funds and only touched the trunk depositors, not borrowers or loopers.
Although recovery is not very common in decentralized finances, there have been more cases of successful funds in recent times.
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On April 27, the term loan protocol based in Ethereum Finance said it had recovered $ 1 million from $ 1.6 million lost in an incident involving an erroneous oracle on its trees cabin market (Teth).
The team said that 223 ETHER (ETH) had been resumed internally and that 333 ETH were recovered by negotiations.
In the first quarter of 2025, the pirates stole more than $ 1.6 billion in crypto with ONCHAIN scholarships and smart contracts, Peckshield’s Blockchain Security said in an April report.
More than 90% of these losses are attributable to an attack of $ 1.5 billion against the Bybt, a centralized exchange of cryptocurrency, by the North Korean hacking group Lazarus.
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