AllianceBlock Token Plunges 51% After $5M Exploit of Bonq DAO

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.

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