Allora Freezes Stolen ALLO From Binance and Starts Full Return

Allora has begun returning stolen Allora (ALLO) to Binance after activating an emergency token-contract safeguard that prevents the attacker from moving or using the stolen tokens.

The affected coins were ALLO held on Binance. Allora activated the contract restriction after discovering the theft. It blocks transfers and sales and prevents the tokens from being used, the team said.

Allora said none of the stolen tokens has been sold or moved from the attacker’s wallet. The team is returning the full amount stolen to Binance, and that process is underway.

The incident affected ALLO held at Binance, while ALLO held outside the exchange was unaffected, Allora said. The project also said its network and token contract remain secure. The return will not alter ALLO’s total supply.