The Allbridge cross-chain bridge project was exploited for around 283,000 BUSD and 291,000 USDT (~$574,000). The thief was able to manipulate a vulnerability in the project’s smart contract that allowed them to manipulate the price of assets in the Allbridge liquidity pool.Allbridge announced that they were investigating the theft, and were working with law enforcement. Meanwhile, the project suspended operations and announced that they were preparing a user compensation plan.

Total loss estimated at $573,757.