What happened to allianceblock?

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.

What is alliance Block (albt)?

One such project that caught my eye is Alliance Block ($ALBT). Founded in 2018, the AllianceBlock Protocol is a decentralized, blockchain-agnostic layer 2 that bridges traditional and decentralized financeand automates the process of converting any digital or crypto asset into a bankable product.

What are allianceblock tokens?

Founded on September 8th, 2020 in Utrecht, Netherlands, AllianceBlock tokens are the backbone of the AllianceBlock Ecosystem. The AllianceBlock Protocol is a decentralized, blockchain-agnostic layer 2 that aims to bridge traditional and decentralized finance and automate the process of converting any digital or crypto asset into a bankable product.

What is the allianceblock Foundation?

Currency reserve of the ecosystem’s Treasury Pool. The AllianceBlock Foundation will act as a central bank to maintain the healthy supply and demand of the ecosystem’s token. Network fees. Every transaction will require to pay very low fees – in the form of the ALBT token. Mean of payment for access to data and data query.