An attacker used a flash loan to distort the bridge's Solana stablecoin pools before moving the proceeds to Ethereum, security firms said.

Allbridge lost roughly $1.65 million in a cross-chain exploit, with the attacker bridging stolen funds from Solana to Ethereum and swapping into ETH.

Allbridge Core paused its protocol after a reported $1.65 million exploit in which an attacker allegedly used a flash loan to manipulate a stablecoin liquidity pool.