Bearish
Allbridge Protocol Halts Operations Following $1.65 Million Flash Loan Exploit
20.07.2026 12:48
The cross-chain protocol Allbridge has temporarily suspended its operations after suffering a flash loan attack that resulted in a loss of approximately $1.65 million. The exploit targeted the platform's liquidity pools, prompting an immediate halt to all activities to prevent further damage. Allbridge is currently investigating the incident and working on a recovery plan. This event highlights ongoing security vulnerabilities in DeFi protocols, particularly those involving cross-chain bridges. The native token of Allbridge, ABR, has experienced significant volatility following the news.
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