Tales of Elleria's bridge contract on Arbitrum was exploited on April 20. An attacker forged bridge signatures and minted 5 billion ELM tokens, then drained the associated liquidity pool. Approximately 140 ETH (~$280K) was extracted from the LP before the attack was detected. The project froze operations and announced plans to compensate affected users through an airdrop mechanism.

Wayne, the co-founder of the NFT game Tales of Elleria, tweeted early this morning: "The bridge contract of Tales of Elleria was exploited, causing its LP to be depleted and losing more than $280,000. The attacker seems to have generated his own signature , and extracted a large amount of ELM tokens, draining the LP. The current findings suspect that the hacker exploited the ecrecover function and was able to generate authorized signatures without our private key."