According to the Allbridge project team, users who were affected by the hack that occurred in early April are now receiving their funds back.
The team announced that the first round of return payments was completed between April 5 and 9.
For those who were not included in this first round, they will need to fill out a form on the project’s website to receive their funds.
The hack, which was executed by an unknown individual, resulted in the withdrawal of $573,000 in assets from the Allbridge bridge.
In response, the project team offered a reward to anyone who could identify the vulnerability that had been exploited.
Eventually, the hacker returned most of the funds to the project and transferred 1,500 BNB ($465,000) to the developers.
This hack is just one example of the numerous attacks that have plagued the cryptocurrency industry recently.
In early April, a hacker used the Sandwich method to exploit a security vulnerability on decentralized exchange Uniswap, stealing $25.2 million worth of cryptocurrencies.
Tether, the issuer of the USDT stablecoin, also blacklisted the address of an attacker who stole $25 million in cryptocurrencies from MEV bots.
Additionally, SushiSwap, another decentralized exchange, suffered a hack in which the hackers withdrew over $3.3 million by exploiting a vulnerability in the RouteProcessor2 trade routing smart contract.