BTC $64,026.72 +0.32%
ETH $1,902.77 +0.13%
BNB $571.53 +0.71%
XRP $1.07 -0.20%
SOL $73.50 +0.35%
TRX $0.3254 +0.24%
DOGE $0.0698 -0.67%
ADA $0.1618 -0.12%
BCH $210.07 -0.82%
LINK $8.30 -0.55%
HYPE $53.71 -0.77%
AAVE $95.70 -2.67%
SUI $0.6854 +0.49%
XLM $0.1716 -0.48%
ZEC $470.31 +2.29%
BTC $64,026.72 +0.32%
ETH $1,902.77 +0.13%
BNB $571.53 +0.71%
XRP $1.07 -0.20%
SOL $73.50 +0.35%
TRX $0.3254 +0.24%
DOGE $0.0698 -0.67%
ADA $0.1618 -0.12%
BCH $210.07 -0.82%
LINK $8.30 -0.55%
HYPE $53.71 -0.77%
AAVE $95.70 -2.67%
SUI $0.6854 +0.49%
XLM $0.1716 -0.48%
ZEC $470.31 +2.29%

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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