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Loopscale reached a bounty agreement with the Hacker after being attacked.
According to the Gate.io News bot, Wu Shuo reported that Loopscale has officially announced that they have contacted the attacker, who has agreed to return the stolen funds through a Bounty Program. Loopscale will announce the withdrawal recovery plan and a complete post-incident analysis report in the near future.
Earlier at 11:30 AM Eastern Time, the pricing function of Loopscale's RateX PT token was manipulated, resulting in a loss of approximately 5.7 million USDC and 1,200 SOL for the platform, which accounted for 12% of the platform's total funds.