Allbridge Core has paused its cross-chain bridge after an alleged exploit that the project said involved a flash loan and rapid swaps to manipulate its stablecoin exchange rate. The incident highlights ongoing security risks in cross-chain infrastructure.
Allbridge Core has paused its cross-chain bridge after an alleged exploit that the project said involved a flash loan and rapid swaps to manipulate its stablecoin exchange rate. The incident highlights ongoing security risks in cross-chain infrastructure.
By temporarily stopping the bridge, Allbridge Core appears to be responding to the incident while limiting further risk. The pause also underscores how bridge design and rate mechanics can become targets when market conditions or liquidity can be manipulated quickly.
Allbridge Core has paused its cross-chain bridge after an alleged exploit that resulted in a reported $1.65 million loss. According to the source material, the attacker is believed to have used a flash loan and rapid swaps to manipulate the bridge’s stablecoin exchange rate.
The development matters because cross-chain bridges are a key piece of crypto infrastructure, allowing assets to move between networks. Security incidents in this area can affect user trust, protocol operations, and broader confidence in decentralized finance systems.
By temporarily stopping the bridge, Allbridge Core appears to be responding to the incident while limiting further risk. The pause also underscores how bridge design and rate mechanics can become targets when market conditions or liquidity can be manipulated quickly.
Cross-chain bridges have faced repeated scrutiny across the crypto industry because they often hold meaningful liquidity and rely on complex mechanisms to process transfers. Events like this continue to draw attention to the need for stronger safeguards and monitoring in bridge architecture.
The source did not provide additional details about recovery measures or whether user funds were affected beyond the reported exploit amount.
Keep exploring
Coinbase vice chair Ryan VanGrack said Democratic lawmakers added customer protection provisions to a digital asset market structure bill under consideration in the U.S. Senate. The change suggests the legislation may be evolving as lawmakers negotiate broader crypto rules.
Read
The SEC says Mining Automatic and its founder raised $22 million from investors by promising guaranteed crypto mining returns. The regulator alleges only a small portion of the money was actually used for mining operations.
Read
Strategy increased its cash reserves to $3.225 billion, according to the source, while its bitcoin holdings remained unchanged. The move adds liquidity without altering the company’s crypto position.
Read