While USDC’s main smart contracts boast a solid audit trail, incidents where USDC has been lost usually arise from weaknesses in external smart contracts that incorporate USDC (for instance, Pike ...

Loopscale, a decentralized finance lending protocol, also lost $5.8 million to a breach on April 26. Two days later, the firm announced that 90% of the funds had been returned in exchange for a 10 ...

Loopscale has since announced that it has recovered around $2.88 million through negotiations with the exploiter.

Loopscale suffers hack, bounty negotiations ongoing On Saturday (April 26), approximately US$5.8 million of USDC and SOL were stolen from the Solana-based DeFi protocol Loopscale.

A further $5.8 million was stolen from Loopscale, with over $5 million drained from an airdrop contract belonging to Ethereum scaling protocol ZKsync. According to CertiK, all three of these crypto ...

Loopscale recovers US$2.8M in WSOL after a US$5.7M DeFi exploit linked to RateX PT token manipulation. Bounty talks with the hacker show promising progress.

Loopscale has successfully recovered $5.8 million in funds stolen during an April 26 exploit, following negotiations with the attacker. The decentralized finance protocol announced that all user ...

Loopscale recovers $2.8M after a DeFi hack, negotiating with the attacker for the return of more funds through a bounty program.