Allbridge Exploiter Returns Over $450,000 Of Stolen Funds
The Allbridge team has gone above and above to fix an attack that depleted the bridge protocol’s BNB Chain liquidity by $570,000. And their efforts were ultimately rewarded. A significant chunk of the approximately $570,000 stolen from the multichain token bridge Allbridge has been recovered after the exploiter accepted the project’s offer of a white hat and no legal reprisal.
On April 3, Allbridge said that it had received a communication from a person and that 1,500 BNB worth over $450,000 had been returned to the initiative. Peckshield, a blockchain security startup, initially spotted the April 1 hack, informing Allbridge in a tweet that their BNB Chain pools exchange pricing was being manipulated by a person operating as a liquidity provider and swapper. Allbridge, as a cross-chain bridge, enables the movement of cryptocurrency from one blockchain network to another through a liquidity pool. According to security company PeckShield, an attacker took cash last Sunday by manipulating prices in Allbridge’s liquidity pool on BNB Chain via flash loans.
Source
https://t.me/Crypto_Futures_Trading
