On April 2023, Allbridge was exploited in a price manipulation, resulting in approximately $550K in losses. That makes the Allbridge exploit the 114th largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the Allbridge Price Manipulation Played Out
Exploit Class Applied to Allbridge
The Allbridge incident on April 2, 2023 is classified as a Price Manipulation. The attacker drives the on-chain price of a token up or down within a single transaction to extract value from the protocol. In the full archive, Allbridge is 1 of 85 documented price manipulation incidents.
Allbridge in Context
At $550K, the Allbridge exploit is a minor (<$1M) event compared to the largest same-class incident in our archive — CreamFinance (2021) at $130M.
Prior Price Manipulation Before Allbridge
The nearest price manipulation incident before Allbridge was – DKP, 25 days earlier on March 8, 2023 ($80K lost). The same exploit class surfaced again within the price manipulation attack surface.
Allbridge Vulnerability Signature
The primary source categorises the Allbridge exploit specifically as “FlashLoan price manipulation”. This narrower label is entity-specific: it reflects how the Allbridge contract failed, rather than the broad price manipulation pattern alone.
Impact & Recovery for Allbridge
Allbridge Loss Figure
The Allbridge exploit caused $550,000 in losses — a minor (<$1M) incident and the 45th largest of 214 documented in 2023. This single incident represents 0.1% of all tracked losses that year.
Where Allbridge Sits Among Price Manipulation Attacks
Ranked by loss size, Allbridge is the 17th largest of 85 price manipulation incidents documented. That puts the Allbridge loss below the class average of $3.9M.
Timeline Since the Allbridge Incident
The Allbridge exploit occurred 3 years ago (1,108 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for Allbridge
Public post-mortem / on-chain analysis for the Allbridge incident: view source.
FAQ
How much did Allbridge lose?
The Allbridge exploit in April 2023 resulted in $550,000 in losses — the 45th largest of 214 DeFi incidents that year.
When did the Allbridge hack happen?
The Allbridge exploit was recorded on April 2, 2023 — 1,108 days ago.
What type of exploit hit Allbridge?
The Allbridge incident is classified as a Price Manipulation. The attacker drives the on-chain price of a token up or down within a single transaction to extract value from the protocol.
How common is the Price Manipulation pattern seen at Allbridge?
Our archive contains 85 documented price manipulation incidents. The Allbridge incident is one of them.
How does Allbridge compare to the largest Price Manipulation attack?
The largest price manipulation incident in our archive is CreamFinance (2021) at $130M. The Allbridge loss is $550K.
What model is applied to assess the value relevance of CSR performance?
A modified version of Ohlson's model.
What was the immediate effect on Moscow's MOEX index following the invasion?
It dropped almost 9% in the week following the invasion.