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

Bitcoinist LogoBitcoinist14h ago

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

Quick Summary:

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 money in return for a reward payment.

The firm clarified that only users who had deposited funds in their USDC and SOL vaults were impacted by the attack, not the overall RateX collateral system.


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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-28 @ 15:00:14 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 549 words

Reading Time: 4 minutes read

Sentences: 44 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 28267505

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 12 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 11 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

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The story "Crypto Theft: Loopscale Hackers Agree To Return Stolen $5.8 Million — For A Price" has 549 words across 44 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Crypto Theft: Loopscale Hackers Agree To Return Stolen $5.8 Million — For A Price" was covered 14 hours ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 12 news stories per day.

It's most recent story was published 11 hours ago.

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  • URL: https://forold.beamstart.com/news/crypto-theft-loopscale-hackers-agree-1745852503154

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