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BTC $60,946.39 -1.14%
ETH $1,563.01 -5.72%
BNB $574.80 -2.33%
XRP $1.08 -2.75%
SOL $62.62 -4.68%
TRX $0.3201 -1.59%
DOGE $0.0814 -2.63%
ADA $0.1563 -3.65%
BCH $219.80 -0.96%
LINK $7.33 -2.67%
HYPE $59.62 -3.34%
AAVE $61.48 -6.77%
SUI $0.7028 -0.74%
XLM $0.1988 +4.84%
ZEC $365.98 +22.41%

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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