Flash News

Allbridge Core was attacked in the Solana chain, losing over $1.1 million

On 20 July, on Onchain Lens, Allbridge Core was attacked on Solana, at a loss of over $1.1 million. The course of the attack was as follows: the attackers first launched 1.12 million USDC flash loans from Kamino, then quickly conducted the USDC/USDT swap, manipulated Allbridge to stabilize the exchange rate of the currency pool, used the manipulated price to extract liquidity, and in the same transaction repaid the money to the money, ultimately making a profit of approximately $1.1 million, which was subsequently transferred through a private agreement. During the attack, the largest single USDC withdrawal from Allbridge amounted to $2.24 million。

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