coin-img-ETHETH+1.49%coin-img-SOLSOL+1.69%coin-img-XRPXRP+1.61%coin-img-USDCUSDC+0.00%coin-img-BTCBTC+0.89%coin-img-ONDOONDO+3.32%coin-img-HYPEHYPE+2.35%coin-img-DOGEDOGE-0.04%coin-img-ETHETH+1.49%coin-img-SOLSOL+1.69%coin-img-XRPXRP+1.61%coin-img-USDCUSDC+0.00%coin-img-BTCBTC+0.89%coin-img-ONDOONDO+3.32%coin-img-HYPEHYPE+2.35%coin-img-DOGEDOGE-0.04%coin-img-ETHETH+1.49%coin-img-SOLSOL+1.69%coin-img-XRPXRP+1.61%coin-img-USDCUSDC+0.00%coin-img-BTCBTC+0.89%coin-img-ONDOONDO+3.32%coin-img-HYPEHYPE+2.35%coin-img-DOGEDOGE-0.04%coin-img-ETHETH+1.49%coin-img-SOLSOL+1.69%coin-img-XRPXRP+1.61%coin-img-USDCUSDC+0.00%coin-img-BTCBTC+0.89%coin-img-ONDOONDO+3.32%coin-img-HYPEHYPE+2.35%coin-img-DOGEDOGE-0.04%

Allbridge halts Core product after $1.65M Solana exploit

AI Market Summary
Allbridge Core paused operations after an estimated $1.65M exploit on Solana, reportedly using a $1.12M USDC flash loan (Kamino) to manipulate the USDC/USDT pool ratio and drain liquidity, then bridge proceeds to Ethereum. The incident heightens near-term risk premia for Solana DeFi and cross-chain bridges, potentially pressuring liquidity and activity as LPs withdraw and participants reassess smart-contract and flash-loan attack exposure.
Impact level
● Medium
Affected assets
SOL/USDT+1.62%
AI Insight · SOL/USDTAI Insight
▼ Bearish
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Allbridge has paused Allbridge Core after a security incident and advised liquidity providers in affected pools to withdraw their funds. Security firm PeckShield estimated losses at roughly $1.65 million. The attacker reportedly bridged the stolen assets from Solana to Ethereum. According to Onchain Lens, the exploit involved a $1.12 million USDC flash loan from Kamino. The funds were used to manipulate the USDC/USDT pool ratio, allowing liquidity to be withdrawn at distorted rates.
Selected
SOL
SOL+1.67%
ETH
ETH+1.43%
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