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Allbridge, a cross-chain bridge between EVM and non-EVM compatible blockchains, announced today that it has raised $2 million in a round led by Race Capital.
The post Cross-chain bridge Allbridge raises $2 million from early Solana and FTX investors appeared first on CryptoSlate.
Web 3.0 is on a rise, and the industry is booming now more than ever. As the market keeps growing and evolving, we also see new user needs and demand rise up. This has led to the development of cross chain crypto bridges. Essentially, bridges are platforms that enable the transfer of crypto assets from […]
Polygon (MATIC) has captured the market’s attention, as its value has soared by approximately 10% over the past seven days. This meteoric ascent has set the industry abuzz, leaving investors and enthusiasts eagerly awaiting further developments. Today, the coin reached a daily high at an impressive $0.75, solidifying its position. The latest data from CoinMarketCap shows it […]
Allbridge has posted a recovery plan after being hacked for $573,000 on April 1, stating that users with funds stuck on the token bridge are first in line to receive compensation. Allbridge has already started the compensation process for users despite only recovering part of the funds. The protocol aims to fully compensate those affected by the exploit with funds available to them. (Read More)
Allbridge has recovered $465,000 worth of cryptocurrency stolen in a recent exploit, after the attacker apparently took the project's offer for a white hat bounty and returned the funds. The stolen funds were converted to Binance USD and used as compensation. Allbridge had previously offered the attacker a chance to escape legal repercussions and receive a bounty for finding vulnerabilities. The project has yet to publicly disclose the total amount stolen but blockchain security firms estimate it to be close to $550,000. (Read More)
Allbridge, the latest victim of cyber-attacks, has issued a statement to inform its fraternity about the ongoing developments via its official Twitter space. Per the statement, the multichain token bridge has received $465k worth of BNB tokens from the hacks’ perpetrators. The remaining lost amount is retained as a white hat reward by the exploiter. …
<p>The post Allbridge attacker gives back $465k of stolen funds first appeared on CCNC | Cryptocurrency Newscast.</p>
An exploit resulted in around $573,000 in crypto looted from Allbridge, but the hacker has now seemingly accepted the offer of a “white hat bounty.”
Allbridge was exploited on Sunday after an attacker manipulated its BUSD/USDT pool.
The attacker behind a $573,000 exploit on the multi-chain token bridge, Allbridge, has been offered a chance by the firm to come forward as a white hat and claim a bounty. Blockchain security firm Peckshield first identified the attack on April 1, warning Allbridge in a tweet that its BNB Chain pools swap price was [...]
The post Allbridge offers bounty to exploiter who stole $573K in flashloan attack appeared first on Crypto Breaking News.
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