Allbridge Hacker Returns Most of the Stolen $573K after Accepting White Hat Bounty

    The multichain token bridge Allbridge suffered a large exploit resulting in the theft of about $573,000 in crypto. However, the hacker has now returned a significant portion of the stolen funds after apparently accepting the project’s offer for a “white hat bounty” and avoiding legal retaliation.

    According to a tweet by Allbridge on April 3, the project received a message from an individual, and 1,500 BNB worth around $465,000 was returned.

    The project offered the attacker a chance to escape any legal action and a bounty. However, Allbridge has yet to publicly disclose the amount stolen, though CertiK stated that the sum is close to $550,000, while PeckShield estimated that the attacker obtained $282,889 in BUSD and $290,868 worth of Tether, which amounts to approximately $573,000.

    Allbridge disclosed that a second address used the same exploit and shared a link to a wallet that presently contains 0.97 BNB valued at approximately $300.

    Stay in the Loop

    Get the daily email from Crypto Navigator that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

    Latest stories

    - Advertisement - spot_img

    You might also like...