Allbridge

A significant portion of the approximately $573,000 stolen from the multichain token bridge Allbridge has been returned after the exploiter appears to have accepted the project&#39;s offer of a white hat bounty and no legal retaliation.On April 3, Allbridge tweeted that it had received a message from an individual, and that 1,500 BNB $309, worth approximately $465,000, had been returned to the project. &#34;The remaining funds will be treated as a white hat bounty for this individual,&#34; Allbridge explained.It explained that all &#34;received BNB&#34; was then converted to the Binance USD $1.00 stablecoin to be used as compensation.Peckshield, a blockchain security firm, first identified the April 1 attack, warning Allbridge in a tweet that its BNB Chain pools swap price was being manipulated by an individual acting as a liquidity provider and swapper.Following the exploit, Allbridge offered the attacker a reward and the opportunity to avoid legal repercussions. Allbridge has yet to publicly disclose how much money was stolen, but blockchain security firm CertiK estimated it was close to $550,000, while PeckSheild estimated it was $282,889 in BUSD and $290,868 in Tether $1.00, totaling approximately $573,000.Allbridge also revealed that a second address used the same exploit and shared a link to a wallet containing 0.97 BNB, which is currently worth around $300.&#34;We request that the second exploiter contact us to discuss the return,&#34; Allbridge said.Following the initial exploit, Allbridge made it clear that they were on the hunt for the stolen funds and were collaborating with a wide range of organizations to recover the loot. BNB Chain was among those who responded to the call to arms, tweeting on April 2 that it had discovered at least one of the perpetrators through on-chain analysis.BNB Chain stated that it is &#34;actively supporting the Allbridge team on the fund recovery,&#34; and praised AvengerDAO for its efforts in the recovery.Cointelegraph reached out to Allbridge for additional comment, but did not receive an immediate response.

Allbridge Exploiter Returns Most of the $573K Stolen in Attack

ItsBitcoinWorld

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