Allbridge offers bounty to exploiter who stole $570K in flashloan attack

cointelegraph.com:

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 being manipulated by an individual acting as a liquidity provider and swapper, which allowed them to drain the pool of $282,889 in Binance USD (BUSD) and $290,868 worth of Tether (USDT).

In an April 1 tweet following the hack, Allbridge offered an olive branch to the attacker in the form of an undisclosed bounty and the chance to escape any legal ramifications.

To hacker's attention: addressing the incident and the next steps1. We continue monitoring the wallets, transactions, and linked CEX accounts of individuals involved in the hack.

"Please contact us via the official channels (Twitter/Telegram) or send a message through tx, so we can consider this a white hat hack and discuss the bounty in exchange for returning the funds," Allbridge wrote.

In a separate series of tweets, Allbridge made it clear they are hot on the trail of the stolen funds.

With the help of its “partners and community,” Allbridge said it’s “tracking the hacker through social networks.”

"We continue monitoring the wallets, transactions, and linked CEX accounts of individuals involved in the hack," it added.

Allbridge also stated it's working with law firms, law enforcement and other projects affected by the exploiter.

According to Allbridge, it bridge protocol has been temporarily suspended to prevent the potential exploits of its other pools; once the vulnerability has been patched, it will be restarted.

5/ The bridge has been temporarily