Loopscale, a decentralized finance (DeFi) protocol, has successfully recovered approximately $2.88 million worth of Wrapped SOL (WSOL) after experiencing a $5.7 million exploit over the weekend. The attack occurred due to manipulated pricing of its RateX PT token, which allowed thieves to drain funds from the protocol's USDC and SOL vaults. In ongoing negotiations, Loopscale offered the hacker a 10% bounty plus a full release of liability in exchange for 90% of the stolen funds. If an agreement was not reached within a 24-hour window, they intended to involve law enforcement. By April 28, Loopscale reported recovering significant amounts: 10,000 WSOL (~$1.48 million), followed by 4,463 WSOL (~$660,000) and another 5,000 WSOL (~$740,000). This incident, affecting only vault depositors, represented about 12% of the platform's total funds, and highlights the growing trend of negotiated recoveries in the DeFi space, contrasting with previous instances where fund recoveries were rare.

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