BTC $62,769.38 -0.43%
ETH $1,872.18 -0.47%
BNB $602.16 -0.90%
XRP $0.9914 -0.96%
SOL $74.45 -1.10%
TRX $0.3309 -0.03%
DOGE $0.0695 -0.05%
ADA $0.1751 -0.80%
BCH $203.65 +0.13%
LINK $9.38 -1.08%
HYPE $57.09 +0.29%
AAVE $85.88 -0.26%
SUI $0.6702 -1.01%
XLM $0.1561 -1.11%
ZEC $486.01 -0.22%
BTC $62,769.38 -0.43%
ETH $1,872.18 -0.47%
BNB $602.16 -0.90%
XRP $0.9914 -0.96%
SOL $74.45 -1.10%
TRX $0.3309 -0.03%
DOGE $0.0695 -0.05%
ADA $0.1751 -0.80%
BCH $203.65 +0.13%
LINK $9.38 -1.08%
HYPE $57.09 +0.29%
AAVE $85.88 -0.26%
SUI $0.6702 -1.01%
XLM $0.1561 -1.11%
ZEC $486.01 -0.22%

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

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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