**🚨 BREAKING: LOOPSCALE RECOVERS $2.8M AFTER DEFI HACK – SIMPLE SUMMARY & STRATEGIES**

**🔍 TL;DR:**

- **Loopscale (DeFi protocol)** hacked on **April 26** – **$5.7M stolen** (USDC & SOL).

- **White hat negotiations WORKED!** Hacker returned **$2.8M (50%)** after **10% bounty offer**.

- **Remaining funds?** Talks ongoing – could recover more!

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### **💰 WHY THIS MATTERS FOR TRADERS?**

✅ **Good News:** Recovery = Less panic, protocol might survive.

⚠️ **Risk Still There:** $2.9M still missing – depositors could withdraw funds (price volatility!).

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### **📈 3 QUICK TRADING STRATEGIES**

1️⃣ **Short-Term Play (High Risk):**

- If **$LOOP token dumps** (fear of future hacks), watch for **oversold RSI bounce**.

- Target: **5-10% rebound** if team proves security upgrades.

2️⃣ **SOL & USDC Correlation:**

- Stolen funds were in **$SOL & $USDC** – if hacker dumps, temporary price dip possible.

- Watch **SOL price action** near **$150 support**.

3️⃣ **DeFi Sector Sentiment:**

- More hacks = More FUD → Avoid **small-cap DeFi coins** short-term.

- Focus on **blue-chip DeFi** ($UNI, $AAVE) – safer during chaos.

#defi #Hack #Loopscale #solana #USDC