Cross-chain bridge Allbridge Core has been exploited for roughly $1.65 million, as flagged by multiple blockchain security firms
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According to blockchain analysis provider Onchain Lens, the exploiter used a $1.12 million flash loan from Solana-based liquidity protocol Kamino to manipulate the stablecoin liquidity pool ratios by rapidly swapping USDC for USDT.
Key facts
- According to blockchain analysis provider Onchain Lens, the exploiter used a $1.12 million flash loan from Solana-based liquidity protocol Kamino to manipulate the stablecoin liquidity pool ratios
- Cross-chain bridge Allbridge Core has been exploited for roughly $1.65 million, as flagged by multiple blockchain security firms, and the team has paused the protocol for investigation
- The Block has reached out to Allbridge for further comment
- Both PeckShield and CertiK reported Sunday that the attacker has bridged the stolen funds from Solana to Ethereum
Summary
Cross-chain bridge Allbridge Core has been exploited for roughly $1.65 million, as flagged by multiple blockchain security firms, and the team has paused the protocol for investigation. Both PeckShield and CertiK reported Sunday that the attacker has bridged the stolen funds from Solana to Ethereum. In a post on X, Allbridge said that it has paused the protocol and urged users to withdraw liquidity from affected pools.