Odaily Planet Daily reports that, according to Onchain Lens monitoring, Allbridge Core on Solana was attacked. The attacker borrowed $1.12 million in USDC via a Kamino flash loan, swiftly exchanged USDC for USDT, distorted the stablecoin pool ratio on Allbridge, and withdrew liquidity at the manipulated exchange rate—all within the same transaction—before repaying the flash loan and extracting approximately $1.1 million. The funds were subsequently mixed through a privacy protocol. The largest single withdrawal by Allbridge amounted to $2.24 million in USDC; analysis of the exploit and affected pools is ongoing.
Allbridge Core on Solana Hacked, $1.1 Million Stolen
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Summary
On-chain news: A hacker exploited a vulnerability in Allbridge Core on Solana, draining $1.1 million using a $1.12 million USDC Kamino flash loan. The attacker manipulated the USDC/USDT pool ratio and extracted liquidity in the same transaction to repay the loan and siphon funds. The stolen assets were later mixed through privacy protocols. Vulnerability notice: Analysis of the exploit and affected pools is ongoing.
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