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Crypto Theft: Loopscale Hackers Agree To Return Stolen $5.8 Million — For A Price

  • Loopscale, a cryptocurrency exchange, has reached an agreement with hackers who stole $5.8 million in return for a reward payment.
  • The hackers will return 90% of the stolen funds, equivalent to 35,527 SOL, and keep 10% as a bounty.
  • Loopscale appreciates the attacker's willingness to settle and plans to provide updates on vault withdrawals and a detailed analysis of the attack.
  • This incident adds to the increasing trend of security breaches in the cryptocurrency industry, with over $1.6 billion stolen in the first quarter of 2025.

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