Hackers behind $5.8M Loopscale hack agree to return funds in exchange for 10% bounty
Loopscale's Agreement with Hacker: Decentralized finance platform Loopscale has reached an agreement with the hacker who exploited its system, securing the return of $5.8 million in stolen funds in exchange for a 10% bounty and immunity from legal repercussions.
Impact of the Hack: The exploit, which manipulated Loopscale’s pricing system, led to significant losses for depositors in USDC and SOL vaults, prompting the platform to restrict withdrawals and halt markets while addressing security concerns amidst a rise in cryptocurrency hacks.
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Technical Analysis for KILO
Technical Sentiment Analysis for KiloEx (KILO) As of , KiloEx (KILO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for KILO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, KILO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
KiloEx (KILO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00715 | 0.00762 | 0.00798 | 0.00845 | 0.00881 | 0.00928 | 0.00964 |
| Fibonacci | 0.00762 | 0.00794 | 0.00814 | 0.00845 | 0.00877 | 0.00897 | 0.00928 |
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