Allbridge Core Halts Bridge Amid Hacking Concerns, Over $1.6 Million Drained
Cross-chain stablecoin bridge 'Allbridge Core' has temporarily suspended its protocol due to a security incident. On-chain analysis indicates that approximately $1.65 million was drained in the attack, with the stolen funds reportedly moved from Solana to Ethereum and then into privacy pools. Allbridge Core announced on X on the 13th that it is investigating a 'security incident' and has halted the protocol for safety. The company urged users with liquidity in remaining pools to retrieve their funds immediately. The attack targeted the Solana deployment, and the stolen funds had already moved to other chains. On-chain lens data shows the attacker drained $1.12 million in USDC from Camino...
Key takeaway
"Allbridge Core Halts Bridge Amid Hacking Concerns, Over $1.6 Million Drained" — BullBear's AI rates this story as a bearish (negative) signal for markets, with a market-impact score of 80 out of 100. Cross-chain stablecoin bridge 'Allbridge Core' has temporarily suspended its protocol due to a security incident. On-chain analysis indicates that approximately $1.65 million was drained in the attack, with the stolen funds reportedly moved from Solana to Ethereum and then into privacy pools. Allbridge Core announced on X on the 13th that it is investigating a 'security incident' and has halted the protocol for safety. The company urged users with liquidity in remaining pools to retrieve their funds immediately. The attack targeted the Solana deployment, and the stolen funds had already moved to other chains. On-chain lens data shows the attacker drained $1.12 million in USDC from Camino... Reported by TokenPost on July 20, 2026. The call is verified against the actual 24-hour price move on BullBear's public conviction ledger.
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