In brief
Cross-chain bridge Allbridge has paused its Core protocol after an attacker stole about $1.65 million from its Solana stablecoin liquidity pools.
The attacker used a $1.12 million flash loan from lending protocol Kamino to skew the pools' internal pricing, then extracted assets cheaply and bridged them to Ethereum.
Allbridge told liquidity providers to withdraw and asked traders who profited from the resulting imbalance to return funds.
Cross-chain bridge Allbridge has paused its protocol after an attacker drained roughly $1.65 million from its Solana liquidity pools in a flash loan attack, according to blockchain security firms and the project itself.Allbridge lets users move assets between blockchains that don't natively communicate, and its Core product uses pools of native stablecoins such as USDC and USDT rather than minting wrapped tokens. On Sunday, the team said it had "paused the protocol as a precaution" while investigating, and urged liquidity providers to pull funds from affected pools.
