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Allbridge Core Pauses Protocol After $1.65M Flash Loan Exploit on Sunday

GateNews
Security IncidentsExchange RiskOn-Chain Data
SOL2.52%
KMNO3.06%
ETH2.25%

According to Onchain Lens, Allbridge Core paused its cross-chain bridge protocol on Sunday (July 20) following a $1.65 million flash loan exploit. The attacker used a $1.12 million flash loan from Solana-based Kamino protocol to manipulate the bridge's stablecoin liquidity pool ratios by rapidly swapping USDC for USDT, then withdrew funds at favorable rates.

Security firms PeckShield and CertiK confirmed the stolen assets were bridged from Solana to Ethereum. Allbridge urged users to withdraw liquidity from affected pools and called on arbitrage traders who profited from the temporary pool imbalance to return funds for LP compensation.

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As of 2026 to date, 62 crypto projects have shut down, including high-funding protocols such as Loopring.

Market Whisper18h ago

Allbridge Core Pauses Protocol After $1.65M Flash Loan Exploit

Ethan Brooks19h ago

Allbridge Core suffered a flash loan and stablecoin pool exchange rate manipulation attack, resulting in losses exceeding $1.1 million

Market Whisper20h ago
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