Bridge Update
Over the past 48 hours, the team has been working around the clock on recovery, remediation, investigation, and the future of the bridge.
With regards to legitimate wALPH and corresponding native ALPH: the exact technical implementation for recovery of funds is still being evaluated and depends on several factors. Regardless of the implementation chosen, the objective remains the same: legitimate holders will be able to recover their ALPH, while assets illegitimately created through the exploit will not benefit from the recovery process.
We continue to work with security and investigation partners to trace the drained assets and assess possible recovery opportunities and we are grateful for their ongoing support.
At the same time, we are initiating coordination with legal counsel, relevant authorities, and law enforcement regarding the incident.
Further updates will be shared throughout the week as work progresses.