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

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.