Allbridge Confirms $1.65M Loss and Plans to Deprecate Old Architecture
2026-07-20 21:52

Woofun AI reports that cross-chain protocol Allbridge has confirmed an attacker withdrew approximately $1.65 million from the Allbridge Core liquidity pool. The team states that current user liquidity remains secure and Allbridge Next operations are normal.

Allbridge plans to relaunch the Core version without liquidity pools, utilizing Circle CCTP and LayerZero for transfers. This incident accelerates the migration to Allbridge Next, with Core and Classic services set to cease operations within three months.

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Tags:
Allbridge
Allbridge Core
Allbridge Next
Allbridge Classic
Circle CCTP
LayerZero
Odaily
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