Flash Loan
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Allbridge pauses protocol after 1.65 million dollar exploit
Reported by AI Image generated by AI
Allbridge Core has paused its cross-chain stablecoin protocol after losing roughly 1.65 million dollars in a flash loan attack on its Solana liquidity pools. The attacker used a 1.12 million dollar flash loan from Kamino to manipulate pool ratios before withdrawing assets and bridging them to Ethereum.