Cross-chain bridge Allbridge attacked, losses may exceed 1.1 million dollars

The cross-chain bridge protocol Allbridge Core has experienced a security incident. The official team has suspended the protocol for investigation and advised users holding affected liquidity pools (LPs) to withdraw their funds immediately.

This security incident has led to an imbalance in the liquidity pools, creating temporary arbitrage opportunities. The official team calls on arbitrage users to return the funds to compensate the affected liquidity providers (LPs). According to monitoring by Onchain Lens, Allbridge Core's losses have exceeded $1.1 million.