Allbridge Abuser Returns Stolen Funds

Allbridge’s exploiter accepted the project’s offer of a “white hat reward” and began returning the funds he had stolen.

The multi-chain token bridge, Allbridge, recently suffered an abuse of $573,000. Abused by flash loan, Allbridge faced the draining of its pools on BNB Chain.

Following this exploit, the project’s team offered a “white hat reward” to the hacker who applied a flash loan exploit to the platform. The name behind the $573 thousand abuse seems to have accepted this olive branch extended by the project team.

Allbridge Abuser Admits Olive Branch

Multi-chain bridge platform Allbridge extended an olive branch to the abuser, who inflicted a $573,000 loss on its platform. The “White hat award” made by the project was accepted by the abuser.

Although the project team did not confirm how much assets were stolen in this exploit, Certik shared data showing that it was close to 550 thousand dollars.

Token bridge platform, in a post on Twitter the other day, stated that it received a message from a person. This person returned $465,000 in assets from the Allbridge exploit.

This messaging and return shows that the platform’s offer has been accepted by the exploiter.

Binance CEO CZ Addresses Allbridge Incident

The exploitation of Allbridge pools on BNB Chain and the resulting refund processes attracted the attention of the crypto industry. Binance CEO Changpeng Zhao (CZ) was positive about the Allbridge exploiter returning the funds.

CZ confirmed on Twitter that the abuser had returned most of the funds. In addition, CZ underlined that intensive work is spent behind the scenes to increase security in the sector.