**๐จ BREAKING: LOOPSCALE RECOVERS $2.8M AFTER DEFI HACK โ SIMPLE SUMMARY & STRATEGIES**
**๐ TL;DR:**
- **Loopscale (DeFi protocol)** hacked on **April 26** โ **$5.7M stolen** (USDC & SOL).
- **White hat negotiations WORKED!** Hacker returned **$2.8M (50%)** after **10% bounty offer**.
- **Remaining funds?** Talks ongoing โ could recover more!
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### **๐ฐ WHY THIS MATTERS FOR TRADERS?**
โ **Good News:** Recovery = Less panic, protocol might survive.
โ ๏ธ **Risk Still There:** $2.9M still missing โ depositors could withdraw funds (price volatility!).
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### **๐ 3 QUICK TRADING STRATEGIES**
1๏ธโฃ **Short-Term Play (High Risk):**
- If **$LOOP token dumps** (fear of future hacks), watch for **oversold RSI bounce**.
- Target: **5-10% rebound** if team proves security upgrades.
2๏ธโฃ **SOL & USDC Correlation:**
- Stolen funds were in **$SOL & $USDC** โ if hacker dumps, temporary price dip possible.
- Watch **SOL price action** near **$150 support**.
3๏ธโฃ **DeFi Sector Sentiment:**
- More hacks = More FUD โ Avoid **small-cap DeFi coins** short-term.
- Focus on **blue-chip DeFi** ($UNI, $AAVE) โ safer during chaos.
