Loopscale Concludes Investigation into April Cyber Attack

According to Odaily, modular lending protocol Loopscale has released the final update on the hacking incident that occurred on April 26 via the X platform. The update reveals that, with the assistance of law enforcement, the perpetrator behind the vulnerability attack has been identified. Loopscale is now sharing relevant information with other protocol teams to help prevent similar incidents and support broader ecosystem security. The investigation has concluded, and the focus will shift back to building and strengthening security measures. All functionalities will soon be restored, aiming to establish new standards for on-chain lending.