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The Block (@TheBlockCo)
THE BLOCK: Allbridge Core has been exploited for roughly $1.65 million — the stolen funds were bridged from Solana to Ethereum, as flagged by PeckShield. Allbridge said it has paused the protocol for investigation.
- ABR-80Negative
Lookonchain (@lookonchain)
Allbridge(@Allbridge_io) was exploited for ~$1.65M! The exploiter quickly bridged all the stolen funds from #Solana to #Ethereum and swapped them for $ETH. https://arkm.com/explorer/address/FhffBraZsGn4H2LxLNToEcaHWEfWwT2UcSz4oRHb7Qdc https://arkm.com/explorer/address/0x651591b68A9c9650FB23F642162353306281ffDe
- ABR-80Negative
Wu Blockchain (@WuBlockchain)
Allbridge Core Paused After $1.65M Exploit on Solana Allbridge said it paused Allbridge Core following a security incident and urged LPs in affected pools to withdraw funds. PeckShield said the protocol was exploited for about $1.65 million, with the attacker bridging the stolen funds from Solana to Ethereum. Onchain Lens said the exploit used a $1.12 million USDC flash loan from Kamino to manipulate the USDC/USDT pool ratio and withdraw liquidity at manipulated rates.
- ABR+70Positive
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