Official Statement from the Allbridge team

We confirm that an attacker withdrew $1.65M from Allbridge Core's liquidity pools. The team is preparing a detailed breakdown and will publish a final report on what happened.

There is no threat to users liquidity right now. Allbridge Next is operating normally. At the same time, we are already working on relaunching Core without liquidity pools. Transfers will go through CCTP and LayerZero routers, removing the pool imbalance risk and the model that was attacked.

This incident accelerated a process we had already started: the full transition to Allbridge Next, our new and more secure infrastructure. In 3 months, Allbridge Core and Allbridge Classic will stop operating in their current form. Withdraw your liquidity ahead of time.

This situation is genuinely unpleasant, but we keep working. Thank you all for your support.