Security Incident · Bridge
Allbridge Price Manipulation: $570.00K Reported Loss
The cross-chain bridge Allbridge was hacked and lost about $570,000 (including about 280,000 BUSD and about 290,000 USDT).
- Reported loss
- $ 570,000
- Attack category
- Price Manipulation
Incident Overview
The root cause appears to be manipulation of the Swap price of the pool. The hacker played the dual role of liquidity provider and trader, draining the funds in the pool. On April 4, Allbridge tweeted: "The owner of address 0xC578 contacted us and refunded 1,500 BNB (approximately $463,600), and the remaining funds will be considered a white hat bounty for this individual.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.