Cross-chain bridging solution provider Allbridge has unveiled its recovery plan to compensate users affected by the recent exploit. The company has already partly recovered funds and is determined to begin the compensation process.

As per the announcement, compensation will prioritize bridge users whose transactions were stuck in pending due to the emergency shutdown. Liquidity providers (LPs) will receive compensation after the affected bridge users.

In an earlier report, Cointime report the security breach on Allbridge. The hack resulted in a significant loss of funds, totaling approximately $570,000 (282,889 BUSD + 290,868 USDT).

"We will start with the bridge users whose transactions got stuck in pending due to the emergency shutdown. They will be receiving the compensation first, followed by the liquidity providers." Allbridge said in the announcement.

"Lastly, all the affected parties by the exploit will be subject to additional rewards in the future, but compensation remains our main priority." the firm added.