Solana-based lending protocol Loopscale was exploited for approximately $5.8 million, including 5.7 million USDC and 1,200 SOL, in an attack that occurred on April 26, just two weeks after its launch on April 10. The breach involved manipulation of the Ratex PT token pricing and forced the platform to temporarily halt its markets. Following the incident, Loopscale engaged in negotiations with the exploiter, who agreed to return the stolen funds in exchange for a 10% bounty reward. Loopscale offered a deal promising no liability if the funds were returned, while law enforcement remained on standby. By April 29, all stolen assets had been returned to the protocol, with users incurring no loss of deposits. Loopscale provided updates confirming partial returns of wrapped SOL (WSOL) totaling over $2 million prior to the full recovery. The incident highlighted vulnerabilities in DeFi protocols, with other platforms such as Impermax also suffering losses through collateral manipulation.