Allbridge Core on Solana Suffers Attack, Losing Over $1.1 Million
2026-07-20 00:33:38
Allbridge Core on Solana was attacked, resulting in losses of more than $1.1 million. According to Foresight News, Onchain Lens monitored the incident and said the attacker borrowed 1.12 million USDC through a Kamino flash loan, then used rapid USDC/USDT swaps to affect the Allbridge stablecoin pool ratio, extract liquidity at a manipulated exchange rate, and repay the flash loan in the same transaction, gaining about $1.1 million.
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