Loopscale recovers $2.8M after weekend DeFi hack and bounty talks

From Cointelegraph

April 29, 2025 05:05 AM:

Loopscale recovers nearly half of stolen funds in exploit, negotiating with attacker for return of $2.88 million WSOL. Team offers 10% bounty for return of 90% of funds. Exploit on April 26 led to $5.7 million theft from USDC and SOL vaults, impacting depositors. Term Finance also recovers $1 million lost in oracle error. Hackers stole $1.6 billion in Q1 2025, with $1.5 billion from Bybit attack by Lazarus Group.

Read more at Cointelegraph: Loopscale recovers $2.8M after weekend DeFi hack and bounty talks