Loopscale Identifies Culprit Behind April Cyberattack

According to PANews, modular lending protocol Loopscale has released a final update on the hacking incident that occurred on April 26. With assistance from law enforcement, the perpetrator has been identified. Loopscale is now sharing relevant information with other protocol teams to help prevent similar incidents and enhance the security of the broader ecosystem. The investigation has concluded, and the focus will now shift back to building and strengthening security measures. All functionalities are expected to resume soon, setting new standards for on-chain lending.