The Loopscale hack With 5.8 million dollars surprisingly ended with the return of hackers' funds, thanks to an agreement that gives them 10% wisdom.
The Decentralized Finance (DEFI) platform announced the news in an X post on April 28th.
What happened to the loopscale protocol? All the details of the agreement with the hackers
In April 26, 2025The loopscale platform is the victim of a cyber attack that exploits a weakness in the RATEX PT token pricing system.
By this manipulation, the hackers managed to steal more than 5.7 million dollars in USD coin and 1,200 Solana (SOL) tokens directly from the dedicated vaults.
The attack forced the loopscale to immediately suspend all operations in the markets and limit backwards from the vaults, focusing on the investigation into the violation.
It is important to emphasize that, According to official communication from the platform, The collateralization mechanism by ratex is not compromised, and the damage affected USDC and Sol Vaults depositors exclusively.
The day after attacking, to April 27, 2025Loopscale made a public proposal to those with -set of hack: back 90% of stolen genitals in exchange for a large amount equal to 10% of the loot.
In total, along with the offer 3,947 sol for hackers, while the rest 35,527 sol recover and return to affected depositors.
The proposal also includes complete immunity from any legal actions, provided that the agreement has been complied with time. Hackers are up April 28 at 6:00 am EST to accept the offer.
This method is especially common in the world of criptovalute.
Many platforms are really preferred to deal directly on the robbers of robbery, classifying them as White-hat hacker (Ethical hackers) in exchange for the return of funds and important information about the weakness being exploited.
Hours before the deadline, those with the loopscale hack accepted the agreement. The loopscale, in its post on X, thanked the hackers for choosing the “a friendly resolution” of the incident.
In the coming days, the platform has pledged to provide updates to:
- – the continuation of removal operations from vaults;
- -A detailed review of the incident (“Post-mortem report”).
This moment will be important to strengthen the community's trust, which is still shaken by one of the most important robbery of 2025 to this point.
Widely Extensive Implications for Defi Security
The loopscale case is part of a distressing trend: the defi sector has experienced losses 1.6 billion dollars Due to the hacks in First quarter of 2025 Unified, making it worst recorded to date.
Other relevant attacks this year included:
- – the theft of 572,000 dollars suffered by the Sir.Trading platform;
- – the exploitation of 5 million dollars against Zkssync;
- – The 7 million dollars attack on the Kiloex protocol.
These numbers feature a growing weakness of the Defi Ecosystem despite the efforts of developing teams and communities to improve security.
With the return of almost all funds, the loopscale is now faced with a dual challenge: restoring operations and, above all, regain the trust of users.
Investors can watch:
- – in the transparency of future communication;
- – Strengthening code -procedures;
- – In implementing more stable protection systems against price manipulation.
Although the platform determined that the collateralized system ratex was not affected, the focus was on correcting any pricing weaknesses that could be exploited again.
CONCLUSION: an associated preceding for defi
Loopscale hack management establishes an interesting preceding for the Defi sector. The compromise between returning funds and providing a huge amount to hackers shows a pragmatic way to reduce losses without starting a long, expensive, and often poor legal battle.
However, this procedure also raises important questions about breakdown for future attacks: Are the hackers regarding the hackers as remunerated those who cooperate with the risk of new offenses?
Today, the loopscale promises a safer and more active approach to user protection.
The DeFI community needs to strictly observe the evolution of this matter to understand whether such techniques can truly reduce systematic risks or if they only represent a temporary solution.
