Allbridge Recovers $465k After White Hat Hacker Exploit

Multichain token bridge Allbridge was hit by an exploit resulting in around $573,000 worth of crypto being stolen. However, the hacker has seemingly accepted the project's offer for a white hat bounty and returned 1,500 BNB, worth around $465,000. The remaining funds will be considered a white hat bounty. Allbridge has not disclosed how much was stolen, but blockchain security firms estimate it to be close to $550,000. Allbridge also urged a second exploiter to return funds. BNB Chain and AvengerDAO are among the organizations working to recover the stolen funds.