Approximately $1.1 million extracted, Allbridge Core exploited on Solana

Odaily reports, according to monitoring by Onchain Lens, Allbridge Core has been exploited on Solana. The attacker borrowed $1.12 million USDC via a Kamino flash loan, then rapidly executed a USDC/USDT swap, distorting the stablecoin pool ratio of Allbridge. They withdrew liquidity at the manipulated exchange rate and repaid the flash loan within the same transaction, extracting approximately $1.1 million in funds. The funds were subsequently mixed through a privacy protocol. The maximum single withdrawal from Allbridge was $2.24 million USDC. Further analysis of the vulnerability exploit and the affected pools is ongoing.