The cross-chain bridge Allbridge Core was attacked, with losses potentially exceeding $1.1 million

PANews July 20, cross-chain bridge protocol Allbridge Core suffered a security incident. The official has paused the protocol for an investigation and advised users holding affected liquidity pools (LPs) to withdraw funds immediately. The incident caused an imbalance in the liquidity pool, creating temporary arbitrage opportunities. The official urged arbitrage users to return the funds to be used to compensate affected liquidity providers (LPs). Also, according to Onchain Lens monitoring, Allbridge Core has lost more than $1.1 million.

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