BNB Chain tweeted that the cross-chain bridge Allbridge attacker has been identified through on-chain analysis, and is actively supporting the Allbridge team in fund recovery work, and the Allbridge team has provided a bounty to the hacker. Foresight News previously reported that on April 2, PeckShield tweeted that the cross-chain bridge Allbridge was hacked, resulting in a loss of about $570,000, including 282,889 BUSD and 290,868 USDT. The root cause of this attack is that hackers manipulated the exchange price of the fund pool, acted as LP and Swapper, manipulated the price, and exhausted the funds in the fund pool.
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