AllianceBlock has paused all activity on its bridge following the attack, which occurred Wednesday afternoon. During the exploit a Polygon wallet accessed 112 million ALBT tokens, bridging them from the Polygon blockchain to the Ethereum blockchain. The hacker also got 500,000 USDC from dumping bonq euro (BEUR) tokens.

• SEO Powered Content & PR Distribution. Get Amplified Today.
• Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
• Source: https://www.coindesk.com/business/2023/02/01/allianceblock-token-plunges-51-after-5m-exploit/?utm_medium=referral&utm_source=rss&utm_campaign=headlines