According to Onchain Lens monitoring, Allbridge Core was attacked on Solana, with losses exceeding $1.1 million. The attacker borrowed $1.12 million in USDC via a Kamino flash loan, then quickly swapped USDC for USDT to distort the Allbridge stablecoin pool ratio, and withdrew liquidity at prices manipulated in the process. After repaying the flash loan in the same transaction, they withdrew about $1.1 million. The related funds were then mixed through a privacy protocol, and further analysis is ongoing.

KMNO-0.59%
USDC-0.01%
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TestnetNomad
· 6h ago
All you can say is that if the team didn’t do a good job limiting slippage and price impact, getting targeted by a flash loan was only a matter of time. Now you can only see whether subsequent on-chain analysis can uncover any clues.
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DiamondHandDegen
· 07-20 00:59
Another old playbook of flash-loan arbitrage—cross-chain bridges really are impossible to defend against.
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StableVaultKeeper
· 07-20 00:46
Kamino flash loaned 1.12 million, then manipulated the Twisted Pool price through swaps and removed liquidity—this technique isn’t new anymore in the Solana ecosystem, but it still succeeds every time, suggesting the project team clearly has loopholes in the design of its oracle and pool parameters.
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HedgeWeaver
· 07-20 00:46
Allbridge has taken a big hit this time—$1.1 million wiped out in one flash-loan move. Once the privacy protocol got mixed in, the difficulty of recovery was immediately maxed out.
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