BLOOM, a project within the BLAST ecosystem, announced on social media that it has successfully recovered most of the funds previously stolen. After paying a 10% bug bounty, BLOOM has retrieved $486,000, which is 90% of the total stolen amount of $540,000. All recovered funds will be redistributed to liquidity providers. Additionally, BLOOM plans to complete the compensation plan for affected LPs within 24-48 hours and will publish a detailed post-mortem analysis report on the yield rate reset vulnerability tomorrow. The project will also upgrade the yield rate reset feature to address extreme scenarios.

<div>
<p>According to TechFlow, Bloom, a Blast ecosystem project, announced on social media that it has successfully recovered most of the previously stolen funds. Bloom said that after paying a 10% bug bounty, it has recovered $486,000 of the stolen funds, accounting for 90% of the total amount ($540,000), and all recovered funds will be redistributed to liquidity providers. </p>
<p>In addition, Bloom will complete the compensation plan for affected LPs within 24-48 hours, and will release a detailed post-analysis report on the vulnerability related to the reset yield tomorrow, while upgrading the reset yield function to deal with extreme situations. </p>
</div>

BLOOM Recovers 90% of Stolen Funds, Plans to Compensate LPs Within 48 Hours