The DeFi platform announced via social media on April 28 that it had successfully negotiated with the perpetrator of its recent security breach, resulting in an agreement to return 90% of the stolen assets ($5.22 million) in exchange for a 10% white-hat bounty.
Key Developments:
• The hacker cooperated with Loopscale's security team to resolve the incident
• Platform functionality remains partially restricted during final security reviews
• Full incident analysis and withdrawal reactivation timeline forthcoming
The company expressed appreciation for the ethical hacker's cooperation while emphasizing its commitment to strengthening protocol safeguards before fully restoring services.