Allbridge exploit: Flash loans still haunt DeFi – $1.65M drained via USDC/USDT pool
Allbridge suffered a $1.65 million exploit via a $1.12 million USDC flash loan from Kamino, which manipulated the USDC/USDT pool ratio. The attacker withdrew 948,927.53 USDT and moved funds from Solana to Ethereum. Allbridge Core's TVL dropped from $21.61 million to $12.78 million after the protocol was suspended.
DeFi Intel is an entity-graph aggregator: we curate, tag and link crypto news to a typed knowledge graph of protocols, tokens, people and incidents. We do not republish the full article body. Use the link above to read the original report at Ambcrypto.
Entities in this story
Want the full article?
Continue reading on Ambcrypto →