DeFi Project Allbridge Recovers Most of Stolen $570K

• Allbridge was exploited on Sunday after an attacker manipulated its BUSD/USDT pool.
• The attacker has returned the majority of the stolen funds and kept some of it as a white hacker reward.
• Allbridge said that another address related to the attack has yet to return the funds.

The decentralized finance (DeFi) ecosystem is one of the most promising in terms of crypto adoption. However, it still suffers from hackers attacking vulnerable protocols and stealing huge sums of money.

The latest example of such an attack is DeFi cross-chain Allbridge, which was hacked for $570,000 on Sunday. However, two days later, Allbridge made an unexpected announcement.

Allbridge Reclaims Majority of Stolen

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