Cross-chain bridge Allbridge has suspended its Core protocol after an attacker drained approximately $1.65 million from its Solana stablecoin liquidity pools using a flash loan exploit, accor
Cross-chain bridge Allbridge has suspended its Core protocol after an attacker drained approximately $1.65 million from its Solana stablecoin liquidity pools using a flash loan exploit, according to blockchain security firms PeckShield and CertiK, as well as the project itself.
According to CertiK, the attacker borrowed $1.12 million through a flash loan from Kamino, a Solana-based lending protocol. Those borrowed funds were then used to execute a rapid series of stablecoin swaps that distorted the internal pricing mechanism Allbridge Core relies on to value assets within its pools.
