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BTC $76,908.81 -1.74%
ETH $2,292.87 -3.16%
BNB $624.00 -1.87%
XRP $1.39 -2.73%
SOL $84.17 -3.02%
TRX $0.3258 +0.59%
DOGE $0.0979 -1.52%
ADA $0.2457 -2.68%
BCH $448.44 -1.29%
LINK $9.22 -2.77%
HYPE $41.60 -0.96%
AAVE $95.81 -0.94%
SUI $0.9246 -2.26%
XLM $0.1647 -3.72%
ZEC $354.44 -1.02%

Bloom: 90% of the stolen funds have been recovered, and the compensation plan for affected LPs will be completed within 48 hours

2024-05-10 08:37:30
Collection

ChainCatcher message, the Blast ecosystem project Bloom announced that it has successfully recovered most of the funds that were previously stolen. The Bloom team stated that after paying a 10% bug bounty, they have recovered $486,000 of the stolen amount, which is 90% of the total ($540,000). All recovered funds will be redistributed to liquidity providers.
Bloom will complete the compensation plan for affected LPs within 24 to 48 hours and will release a detailed post-mortem analysis report regarding the reset yield-related vulnerability tomorrow, while upgrading the reset yield feature to address extreme situations.

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