Allbridge Core halts bridge after reported $1.65M exploit

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.