Hyperbridge Asset Recovery: Bifrost Opens Registration

In Short

Bifrost has opened registration for Hyperbridge asset recovery.

Affected users who hold vETH or MANTA can submit an Ethereum receiving address through the Bifrost dApp.

The recovery and reissuance process will run through on-chain governance, so the final payout timeline depends on governance steps.

What Happened

Bifrost announced that registration is now open for users impacted by the Hyperbridge incident (a security exploit of Hyperbridge’s Token Gateway on 13 April 2026).. The focus is on people holding vETH or MANTA who need to reclaim assets on Ethereum.

Users are asked to provide an Ethereum address using the Bifrost dApp. A dApp is a decentralised app, it is a web or mobile app that interacts directly with blockchain networks.

After registration, Bifrost says recovery and reissuance will be handled via on-chain governance. On-chain governance means token holders vote using blockchain transactions, similar to a public, auditable poll.

The project also noted that distribution will follow the governance timeline. In practice, that can include proposal creation, voting periods, and execution once the vote passes.

Why It Matters

For users, the key takeaway is that the recovery path is designed to settle on Ethereum. That can reduce confusion about where the replacement assets will live, and it can make the process easier to verify on public blockchain explorers.

For the wider crypto and Web3 ecosystem, this is another example of how incident response is shifting from private, manual refunds to transparent processes that run on-chain. That approach can improve auditability, but it can also add delays when governance is required.

Anyone affected will likely watch for two things next, confirmation that their address registration is accepted, and updates on the governance proposal schedule.

For more context on the underlying incident, see Hyperbridge.