The exploit on the Socket protocol impacted 219 users with net losses of around $3.3 million.
Cross-chain bridge protocol Socket has recovered two-thirds of the funds drained from the protocol in a recent hack.
The official X account of the socket protocol announced that it has successfully recovered 1,032 Ether (ETH) worth $2.3 million of the $3.3 million stolen. The protocol will soon release a recovery and distribution plan for users. Socket also thanked multiple on-chain analytics accounts for their help in recovering the funds.
On Jan. 16, the attacker behind the exploit used a token approval from an Ethereum address ending in 97a5 to carry out the exploit. The exploit impacted the wallets with limitless approvals to Socket contracts.
