Following successful negotiations, all funds taken from the Loopscale protocol (5,726,725 USDC + 1,211 SOL) on April 26th have now been returned. Users will incur no loss of deposits from this incident. Additional details (including information on vault withdrawals) to follow.

Loopscale
@LoopscaleLabs
04-29
Our pursuit of an amicable resolution regarding Saturday's incident continues to make progress. As an update to our users:
• At 2:19AM ET this morning, ~10,000 WSOL (~$1.48M) was returned to a Loopscale wallet.
• At 3:14PM ET this afternoon, another 4,463 (~$660K) WSOL was x.com/LoopscaleLabs/…
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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