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BTC $64,213.10 +0.69%
ETH $1,680.10 +0.59%
BNB $607.92 +0.27%
XRP $1.13 +1.29%
SOL $68.23 +1.41%
TRX $0.3172 +0.86%
DOGE $0.0877 -0.03%
ADA $0.1724 +0.63%
BCH $207.12 +1.50%
LINK $8.00 +1.87%
HYPE $59.80 -3.35%
AAVE $66.45 +2.50%
SUI $0.7694 +2.38%
XLM $0.1870 -0.88%
ZEC $413.98 -0.04%

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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