Allbridge Core was attacked on Solana after the attacker borrowed $1.12 million in USDC through a Kamino flash loan, according to Onchain Lens monitoring. According to Odaily, the attacker quickly swapped USDC and USDT, distorted the Allbridge stablecoin pool ratio, and withdrew liquidity at a manipulated exchange rate before repaying the flash loan in the same transaction.
The attack extracted about $1.1 million, and the funds were then mixed through a privacy protocol. Allbridge’s largest single withdrawal was 2.24 million USDC, and further analysis of the exploit and affected pools is still underway.
Allbridge Core on Solana Hit by Attack After Kamino Flash Loan
2026-07-20 00:33:52
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