LOOPSCALE

🚨#LOOPSCALE RECAPTURES #STOLEN FUNDS, SET TO RESTART SERVICES POST-HACK

🔹Exploit Details: #Hackers drained 5.73M USDC and 1,211.4 SOL via a pricing logic flaw

🔹All stolen funds have been recovered

🔹Service Restoration: Refinancing function will restart soon, full rollout in phases

🔹Borrower Update: 3-day grace period extended; users urged to manage positions proactively

🔹Rewards: Vault/Advanced Lend balances (Apr 26–Jun 7) get 12x points boost
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$SOL

Evening News Update #Web3

🔓 Lending protocol Loopscale, previously hacked, will reopen withdrawals tomorrow night.

👛 Binance Wallet tops trading volume charts, commanding 80% of total mainstream wallet transactions.

🇮🇳 Indian public company Jetking plans to raise funds to increase its BTC holdings—targeting 18,000 BTC by 2030.

⚙️ Astar proposes a tokenomics revision to cap the maximum token supply.

🔄 BounceBit reveals its product roadmap for H2, introducing innovative features at the intersection of CeFi and DeFi.

#Loopscale #BinanceWallet

Loopscale Exploited for $5.8M Just Two Weeks After Launch

This one's rough—Loopscale, a Solana-based lending protocol, got exploited for $5.8 million in USDC and SOL, just two weeks after it launched. Apparently, the attackers abused unsecured loans to drain the funds. It’s another tough reminder that DeFi is exciting, but risky. Always do your homework before putting your money into new projects.

#Loopscale

😈Breaking: Phishing Attack Alert!,👹

Loopscale has issued a warning about phishing attacks targeting its users, as reported by PANews. Here's what you need to know:
- *Phishing Attempts*: Loopscale's team has received reports of phishing attempts and wants users to be cautious.
- *Safety Measures*: Loopscale assures users that its team will never send direct messages or emails. Be wary of links claiming to be from Loopscale.
- *Official Updates*: Loopscale will only communicate official updates, such as withdrawal processes, through their official account.

To protect yourself:
- *Avoid Suspicious Links*: Don't click on links from unverified sources claiming to be Loopscale.
- *Verify Information*: Always check Loopscale's official account for updates.
- *Be Cautious with Messages*: Be wary of direct messages or emails claiming to be from Loopscale.

Stay vigilant and report any suspicious activity to Loopscale's official support channels.
#Loopscale #BinanceAlphaAlert #phishingscam #ProtectYourAssets #warning! $BTC $ETH $BNB

**🚨 BREAKING: LOOPSCALE RECOVERS $2.8M AFTER DEFI HACK – SIMPLE SUMMARY & STRATEGIES**

**🔍 TL;DR:**
- **Loopscale (DeFi protocol)** hacked on **April 26** – **$5.7M stolen** (USDC & SOL).
- **White hat negotiations WORKED!** Hacker returned **$2.8M (50%)** after **10% bounty offer**.
- **Remaining funds?** Talks ongoing – could recover more!

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### **💰 WHY THIS MATTERS FOR TRADERS?**
✅ **Good News:** Recovery = Less panic, protocol might survive.
⚠️ **Risk Still There:** $2.9M still missing – depositors could withdraw funds (price volatility!).

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### **📈 3 QUICK TRADING STRATEGIES**
1️⃣ **Short-Term Play (High Risk):**
- If **$LOOP token dumps** (fear of future hacks), watch for **oversold RSI bounce**.
- Target: **5-10% rebound** if team proves security upgrades.
2️⃣ **SOL & USDC Correlation:**
- Stolen funds were in **$SOL & $USDC** – if hacker dumps, temporary price dip possible.
- Watch **SOL price action** near **$150 support**.
3️⃣ **DeFi Sector Sentiment:**
- More hacks = More FUD → Avoid **small-cap DeFi coins** short-term.
- Focus on **blue-chip DeFi** ($UNI, $AAVE) – safer during chaos.

#defi #Hack #Loopscale #solana #USDC

Morning News Update #Web3

🌏U.S. Treasury Secretary Bessent noted that some trade talks are making good progress, particularly with Asian countries.

🔒Loopscale said the attacker has offered to return the stolen funds, and the platform will delay publishing its full post-mortem analysis.

🤝WLFI founder met with CZ in Abu Dhabi to discuss strategies for global crypto expansion.

💰Bitrue hacker, after a year, has started converting stolen assets into approximately 1,167 ETH.

#Loopscale #WLFI #CZ

Morning News Update #Web3

🌏 U.S. Treasury Secretary Bessent reports positive progress in trade negotiations, especially with Asian nations.

🔒 Loopscale announced that the attacker has offered to return the stolen funds. As a result, the platform will postpone releasing its full post-mortem analysis.

🤝 WLFI’s founder met with CZ in Abu Dhabi to discuss strategies for expanding crypto adoption globally.

💰 The Bitrue hacker has begun converting stolen assets—after nearly a year—into about 1,167 ETH.

#Loopscale
#WLFI
#CZ

🔥Loopscale hackers agree to return assets in exchange for a reward
The Solana lending protocol, Loopscale, announced that the hacker has agreed to return the funds exploited due to a vulnerability on April 26.
The hacker confirmed they will return the assets and receive a 10% reward (3,947 SOL) on the total stolen amount (35,527 SOL). Loopscale will announce a withdrawal recovery plan and detailed analysis in the coming days.
#Loopscale #sol

🤬 Loopscale attacked, losing 5.7 million USDC and 1,200 SOL

On April 27, Loopscale (the on-chain lending protocol for Solana) announced that the Token RateX PT pricing function was hacked, resulting in a loss of approximately 5.7 million USDC and 1,200 SOL.
All markets have been temporarily halted for investigation. The incident affected 12% of the total fund, impacting only USDC and SOL senders. The team is restoring payments and coordinating with authorities to recover the assets.
#Loopscale #sol #USDC