News with the tag "Loopscale"

In a significant development for the decentralized finance (DeFi) space, particularly within the Solana ecosystem, the Solana protocol Loopscale has announced the successful recovery of all stolen funds that were taken during an incident on April 26th. This news comes as a major relief to users and ...

In the fast-paced world of decentralized finance (DeFi), security incidents are a stark reality. When a protocol suffers a significant breach, the focus quickly shifts from the initial loss to the potential for recovery. This is precisely the situation the Solana-based DeFi protocol, Loopscale, has ...

A cryptocurrency exchange reached an agreement with cybercriminals who hacked into millions, marking increased security issues in the digital currency industry. Loopscale revealed on April 28 that the attackers involved in a recent $5.8 million heist committed to returning the majority of the stolen...