Allbridge Core Pauses Service Following $1.65 Million Hack

Allbridge Core is currently offline while the team investigates a significant security breach. Onchain analysts discovered that an attacker used a flash loan to manipulate asset prices within the protocol, resulting in the theft of approximately $1.65 million.

The exploit quickly grabbed the attention of security firms PeckShield and CertiK. These groups tracked the movement of the stolen funds as the attacker bridged them from the Solana network over to the Ethereum ecosystem.

For now, the platform has paused all bridging activity to protect remaining user funds. Traders and liquidity providers should monitor the official Allbridge social channels for updates on when the service might return to normal operations.