Allbridge Core pauses Solana cross-chain bridge after $1.65M exploit drains funds
first published 2026-07-20T02:23:36Z
Allbridge Core halted its cross-chain stablecoin bridge on Solana after a reported security incident drained about $1.65 million. The attacker allegedly used a $1.12 million USDC flash loan, manipulated the pool exchange rate with rapid swaps, and moved the stolen funds to Ethereum and then privacy pools.
AI Analysis
The summary describes a confirmed exploit, bridge pause, and $1.65 million loss, which is directly negative for the affected protocol and signals operational risk. The event involves a live DeFi bridge on Solana and could affect short-term trading sentiment around bridge-related assets.
Expected Investor Sentiment: Very Bearish
Potential Market Impact: Significant
Source Articles
- Allbridge Core pauses cross-chain bridge after $1.65M exploit - Cointelegraph
- Allbridge Core halted after $1.65M Solana exploit - Crypto News
- Allbridge Core Hit by $1.65M Solana Exploit, Funds Traced to Ethereum - Coinpedia
- South Korea weighs new legal framework for seizing self custodied crypto - Crypto News
- Cross-chain protocol Allbridge halts after $1.65 million flash loan exploit - CoinDesk
- Zilliqa Suspends ZIL Transfers After Exchange Partner Cold Wallet Theft - Coinpedia
- Zilliqa asks exchanges to pause ZIL transfers after suspected cold wallet theft - Cointelegraph
- Allbridge Pauses Cross-Chain Protocol After $1.65M Flash Loan Attack - Decrypt
