Allbridge, the multichain token bridge, has offered exploiters behind a flash loan attack of $573,000 to come forward as a white hat and receive a bounty.
Peckshield, the blockchain security firm, was the first to identify this attack on 1st April when it warned the company in a tweet that the BNB Chain pools swap price was being changed by an individual who had been acting as a liquidity swapper and provider. This individual later was able to completely sweep the pool of $282,889 from Binance USD, and $290,868 from Tether. In a tweet made on 1st April after the hack, the company went on to offer an olive branch to the exploiter in the form of a bounty and freedom from legal ramifications.
Allbridge Has Put Up A Bounty For The Hacker
Allbridge put up a tweet from their official account where they asked the hacker to contact the company through official channels. This would allow the company to consider the exploiter as a white hat hack, and subsequently discuss the bounty in exchange for returning the funds of the company. In another series of tweets, the company also made it abundantly clear that they were pretty hot on the trail of the funds that were stolen. The company mentioned that they were taking the help of the community and their partners and they were tracking the hacker through multiple social networks.
Allbridge went on to post that they were working with law enforcement, law firms, and several other projects which had been affected by this exploiter. According to the company, the bridge protocol was seemingly suspended temporarily in order to prevent the potential exploits of the other pools. Once this weakness gets fixed, it would be restarted.
