{"id":47463,"date":"2023-04-04T04:12:08","date_gmt":"2023-04-04T08:12:08","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=47463"},"modified":"2023-04-04T04:13:30","modified_gmt":"2023-04-04T08:13:30","slug":"allbridge-hacker-returns-most-of-stolen-crypto-loot","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/allbridge-hacker-returns-most-of-stolen-crypto-loot\/","title":{"rendered":"Allbridge Hacker returns Most of Stolen Crypto Loot"},"content":{"rendered":"\n

A significant part of the $573,500 that was stolen from the multichain token bridge <\/a>Allbridge has been returned after the exploiter accepted the project's offer of a white hat bounty and no legal reprisal.<\/p>\n\n\n\n

\"Allbridge
Allbridge Hacker returns Most of Stolen Crypto Loot<\/figcaption><\/figure>\n\n\n\n

On April 3, Allbridge tweeted that it had received a message from a user who returned 1,500 BNB, worth around $465,000.<\/p>\n\n\n\n

“The remaining funds will be considered a white hat bounty to this person,” Allbridge said.<\/p>\n\n\n\n

\n

Update on the exploit

1\/ Our team was contacted by the owner of https:\/\/t.co\/EW1uxXBQpD\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.

1500 BNB was returned to our team. The remaining funds will be considered a white hat bounty to this person.<\/p>— Allbridge (@Allbridge_io) April 3, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

It was explained that all “received BNB” was converted to Binance USD, a stablecoin, and utilized as compensation.<\/p>\n\n\n\n

The blockchain security startup Peckshield was the first to identify the April 1 hack, tweeting to Allbridge that the BNB Chain pools <\/a>swap price was being manipulated by a liquidity provider and swapper.<\/p>\n\n\n\n

Following the exploit, Allbridge offered the attacker a reward and the opportunity to avoid legal repercussions.<\/p>\n\n\n\n

Allbridge has not yet disclosed how much was taken, however, blockchain security firm CertiK estimates the amount to be close to $550,000, and PeckSheild estimates the exploit netted $282,889 in Bitcoin BUSD and $290,000 in Tether USDT, for a total of approximately $573,000.<\/p>\n\n\n\n

Allbridge also disclosed that a second address utilized the same vulnerability and provided a link to a wallet containing 0.97 BNB, presently worth approximately $300.<\/p>\n\n\n\n

“We ask the second exploiter to reach out and discuss the return,” Allbridge said.<\/p>\n\n\n\n

Following the initial intrusion, Allbridge made it known that they were hot on the trail of the stolen funds and were collaborating with a vast array of organizations to recover the treasure.<\/p>\n\n\n\n

BNB Chain was among those who responded to the call to arms, tweeting on April 2 that it had identified at least one of the perpetrators through on-chain analysis.<\/p>\n\n\n\n

\n

BNB Chain has identified the Allbridge attacker following on-chain analysis. We are actively supporting the Allbridge team on the fund recovery. The Allbridge team has offered the hacker a bounty.

We'd like to recognize the effort of AvengerDAO in this recovery effort.<\/p>— BNB Chain (@BNBCHAIN) April 2, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

According to BNB Chain, it is “actively aiding the Allbridge team on the fund recovery<\/use><\/svg><\/span><\/a>” and praised AvengerDAO for its recovery efforts.<\/p>\n","protected":false},"excerpt":{"rendered":"

A significant part of the $573,500 that was stolen from the multichain token bridge Allbridge has been returned after the exploiter accepted the project’s offer of a white hat bounty and no legal reprisal. On April 3, Allbridge tweeted that it had received a message from a user who returned 1,500 BNB, worth around $465,000. […]<\/p>\n","protected":false},"author":12,"featured_media":47467,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11476],"tags":[13996,132,2118],"class_list":["post-47463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hacks-and-scams","tag-allbridge","tag-crypto","tag-hacker"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/04\/image-1.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/47463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=47463"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/47463\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/47467"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=47463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=47463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=47463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}