Coinatory

Loopscale Recovers $2.8M After $5.8M DeFi Exploit Solana-based decentralized finance (DeFi) protocol Loopscale has successfully recovered approximately $2.8 million of the $5.8 million lost in a recent exploit, following ongoing negotiations with the attacker. The breach, which occurred on April 26, 2025, involved manipulation of the RateX PT token pricing, allowing the attacker to drain funds from Loopscale's USDC and SOL vaults. In response, Loopscale offered a 10% bounty and full release ... Loopscale Recovers $2.8M After $5.8M DeFi Exploit Coinatory

Loopscale Hacker Negotiates Return of $5.8M in Stolen Crypto The hacker responsible for the recent $5.8 million exploit of Loopscale, a Solana-based decentralized finance (DeFi) protocol, is currently engaged in negotiations to return the stolen funds in exchange for a bounty, the platform confirmed. The breach, which occurred on April 26, resulted in the unauthorized withdrawal of approximately 5.7 million USDC (valued at $0.9997 per token) and 1,200 Solana (SOL) tokens (trading at $148.56) from two o... cryptocurrency news Coinatory

Solana’s Loopscale Halts Lending After $5.8M DeFi Hack Solana’s Loopscale Suspends Lending Markets Following $5.8 Million Exploit Decentralized finance (DeFi) platform Loopscale has temporarily suspended its lending operations after an exploit resulted in the loss of approximately $5.8 million. The Solana-based protocol confirmed that loan repayments have resumed, although several core functionalities remain disabled. According to a statement by Loopscale co-founder Mary Gooneratne on X (forme... crypto news

Bybit Hack Becomes Largest Crypto Exploit in History, Exceeding $1.4B With losses exceeding $1.4 billion, the recent security breach at cryptocurrency exchange Bybit has broken the previous record for the biggest hack in the industry's 15-year history. This incredible amount is the most significant exploit to date, more than doubling the previous record set by Ronin Network. More than 60% of all cryptocurrency funds that were stolen in 2024 came from this one incident, according to data from Cyvers. An escalati... Coinatory cryptocurrency news