The cross-chain interoperability protocol Socket announced a customer compensation plan for the hacker attack, providing 100% compensation to all affected users. It is reported that Socket's bridge aggregator Bungee was hacked last week, with losses of about $3.3 million. After statistics by Socket, the incident affected a total of 232 users, involving 5 types of assets. Earlier this week, Socket has recovered 1,032 ETH, worth about $2.2 million. In order to fully compensate for user losses, Socket itself will also provide $1.1 million for compensation.

Cross-chain protocol Socket announced on its social platform that it has resumed operation. The affected contracts have been suspended and the damage has been fully controlled. The bridging of its front-end with most of its partners has been restored. A detailed post-analysis and follow-up steps will be released later.

According to Yu Jin monitoring, on January 17th, the cross-chain protocol Socket attacker has exchanged the stolen USDC and USDT stablecoins for 1137 ETH, with an average price of $2564.

Cross-chain protocol Socket announced on its social platform that security issues have been discovered in the protocol and affected contracts have been temporarily suspended. The team is dealing with this situation and will regularly update users on the latest developments and follow-up steps.

According to PeckShield monitoring, cross-chain protocol Socket was attacked and at least $3.3 million worth of funds were stolen. Hackers used malicious routing to steal user funds from the SocketGateway contract.