Loopscale: Hackers willing to return stolen funds through bounties

ChainCatcher news, Loopscale Labs' official social media account disclosed that the project team received a response from the hacker at 3:52 PM Eastern Time, stating that they are willing to return the stolen funds through a bounty.

Loopscale Labs stated that both parties are currently actively negotiating to reach an amicable solution. In light of this progress, the project team will postpone the release of the withdrawal recovery plan and the complete incident analysis report, which is expected to be announced in the coming days.

Previously, it was reported that the Loopscale protocol was attacked by hackers, resulting in the theft of approximately 5.7 million USDC and 1,200 SOL.