Loopscale hacker agrees to return stolen funds, team will pay 10% white hat bounty

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According to Foresight News, the lending protocol Loopscale on the Solana chain stated that the hacker responded today at 3:52 PM (Eastern Time), expressing willingness to return the funds exploited through the vulnerability and receive a bounty. The team will share the plan for restoring withdrawals and a comprehensive post-incident analysis in the coming days.

As previously reported by Foresight News, Loopscale was hacked on April 26th. Subsequently, Loopscale proposed a 10% white hat bounty to the hacker, offering a 10% bounty (3,947 SOL) if the hacker returns 90% of the stolen funds (35,527 SOL).

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