DeFi Negotiates $5.7M Exploit Resolution

Loopscale Offers Deal to Hacker After $5.7M Exploit

• Loopscale was exploited for $5.7 million in USDC and 1,200 SOL.
• The platform has proposed that the hacker return 90% of the stolen funds.
• The hacker is allowed to keep 10% as a bounty.
• Full immunity from liability is offered to the hacker if they comply.
• The exploit affected 12% of Loopscale’s total funds.

Loopscale, an on-chain borrowing and lending platform, has been impacted by a hack involving $5.7 million in USDC and 1,200 SOL, affecting 12% of its funds. They have offered the hacker a deal to return most of the assets with no legal consequences.