• Allbridge, a multichain token bridge, was hacked on April 1 resulting in the loss of $573,000.
• The firm offered an undisclosed bounty to the hacker if they come forward as a white hat and return the funds.
• Allbridge is actively tracking the hacker through social networks, law firms, and law enforcement.
Allbridge Hacked for $573K
On April 1st, Allbridge, a multichain token bridge, was hacked resulting in the loss of $573K.
Bounty Offered to Attacker
In an attempt to incentivize the attacker to come forward as a white hat and return the stolen funds, Allbridge has offered an undisclosed bounty.
Tracking Hacker Through Social Networks
Allbridge is actively tracking the hacker through social networks as well as working with law firms and law enforcement.
Bridge Protocol Suspended
The bridge protocol has been temporarily suspended while they patch up any vulnerabilities that may have allowed for this attack. Once patched it will be restarted.
Web Interface For Liquidity Providers Deployed
In addition to suspending their bridge protocol, Allbridge is in the process of deploying a web interface for liquidity providers that will enable them to withdraw their assets safely.