The Daily Hodl

Allbridge Core Exploit: Hacker Drains $1.66 Million via Flash Loan Attack

July 21, 202606:15 AM
Allbridge Core Exploit: Hacker Drains $1.66 Million via Flash Loan Attack

A major security breach has struck the Allbridge Core cross-chain bridge, with hackers successfully draining $1.66 million in digital assets. By manipulating the swap mechanics within a liquidity pool, the attacker executed a precise strike that bypassed standard protocol safeguards over the weekend.

Post-mortem investigations confirm the exploit leveraged a flash loan to target the specific swap logic of Solana (SOL) liquidity pools. This event highlights the persistent vulnerabilities inherent in cross-chain stablecoin bridges and the growing threat of flash loan-driven liquidity manipulation in the DeFi ecosystem.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

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