Loopscale, a Solana-based decentralized finance (DeFi) protocol, has concluded its investigation into the hacking incident that occurred on April 26, 2025. The investigation was conducted in collaboration with law enforcement and led to the identification of the perpetrator responsible for exploiting a price oracle vulnerability. This attack resulted in the theft of approximately $5.8 million worth of assets, including 5.7 million USDC and 1,200 SOL. Loopscale’s proactive response included offering a 10% bug bounty to the attacker, leading to the recovery of stolen funds. The investigation also led to strengthened security measures and enhanced collaborative efforts between Loopscale and other DeFi projects. This incident highlighted the importance of robust security protocols in decentralized finance while demonstrating LoopScale’s commitment to user protection.