TechFlow News, July 20, according to monitoring by on-chain analyst Onchain Lens (@OnchainLens), Allbridge Core suspectedly suffered an attack on the Solana chain, with losses exceeding $1.1 million.
The attacker obtained a $1.12 million USDC flash loan from Kamino, quickly exchanged USDC for USDT to distort the Allbridge stablecoin pool ratio, subsequently withdrew liquidity at the manipulated exchange rate, and repaid the flash loan in the same transaction, ultimately profiting approximately $1.1 million. On-chain data shows that Allbridge's single largest withdrawal amount was 2.24 million USDC, and relevant funds were subsequently transferred and mixed via privacy protocols.
Currently, further analysis regarding this attack and the affected pool is still ongoing.
