SecurityCointelegraphabout 19 hours ago
Allbridge Core pauses cross-chain bridge after $1.65M exploit
1 min read
Allbridge Core paused its cross-chain bridge after a security incident drained $1.65 million from its Solana deployment. The attacker used a $1.12 million USDC flash loan from Kamino to manipulate the stablecoin pool's exchange rate, then withdrew liquidity at manipulated rates and bridged stolen funds to Ethereum privacy pools.
Level
Hype check
Tap to vote and see what everyone thinks.
