Allbridge Suspends Core Protocol After $1.65M Solana Flash Loan Exploit

TheNewsCrypto2026-07-20 tarihinde yayınlandı2026-07-20 tarihinde güncellendi

Özet

Cross-chain protocol AllBridge Core suspended operations after suffering a $1.65 million flash loan exploit on its Solana deployment. The attacker manipulated a stablecoin pool's exchange rate using a $1.12 million USDC loan from Kamino, creating a price imbalance to perform a profitable arbitrage. Stolen funds were moved to Ethereum via privacy pools. This is the protocol's second such attack, following a $573,000 exploit in April 2023. The suspension causes operational delays, reduces cross-chain liquidity, and highlights persistent security vulnerabilities in bridge protocols and automated market maker systems.

Cross-chain platform AllBridge Core shut down its operations following a security issue that resulted in the loss of $1.65 million on Sunday. The hack specifically occurred within the AllBridge Core deployment on the Solana blockchain. The attacker transferred the funds stolen via the bridge from Solana to the Ethereum blockchain. The hacker swiftly transferred the stolen funds through privacy pools to cover his tracks.

The perpetrator executed a well-thought-out flash-loan strategy to influence the exchange rate in the pool for stablecoins. As per on-chain data, the hacker took out a loan of $1.12 million in USDC from the lending platform Kamino. Quick switching between USDC and USDT led to a price imbalance within the pool balance. This price imbalance created a favorable arbitrage opportunity for the perpetrator.

The exploiter then took the liquidity from the pool at exaggerated prices to gain huge profits. The profit earned after repayment of the Kamino loan was retained by the perpetrator as loot. The entire trade reveals major flaws in the mathematical equation of the automated market maker pricing system.

Recurrent Cross-Chain Bridge Attacks

This particular event marks the second instance of an attack on Allbridge Core via a flash loan hack, after a previous $573,000 heist targeting its BNB Chain pools in April 2023. In addition, pausing the bridge would mean that there are operational delays, with the process of sending funds across chains coming to a temporary halt. This would have implications not only for trading operations but would reduce the possibility of the liquidity needed by traders and institutions being moved across.

At the same time, there is a threat that long-term protocol outages will mean the loss of revenue streams due to reduced transactions, thus making users and liquidity providers consider alternative means of bridging. Finally, security pauses in cross-chain protocols act as a reminder about the security challenges associated with liquidity pools, thus requiring investors to change their risk management strategy for bridges.

Highlighted Crypto News:
FTX Bankruptcy Estate Plans $900 Million Distribution, Total Payouts Hit $10 Billion

Trend Kriptolar

CitreaCTR

wrapped stUSDTWSTUSDT

İlgili Sorular

QWhat was the main action taken by Allbridge Core after the security incident?

AAllbridge Core shut down its operations, suspending its core protocol following the exploit.

QWhat type of attack strategy did the hacker use in the Allbridge exploit?

AThe hacker executed a flash loan strategy, specifically taking out a large USDC loan from the Kamino lending platform on Solana.

QHow did the attacker's actions create an opportunity for profit?

ABy quickly swapping between USDC and USDT, the attacker created a price imbalance in the liquidity pool, which allowed them to withdraw liquidity at exaggerated prices for a large profit after repaying the flash loan.

QWhat does the article mention about previous similar incidents involving Allbridge?

AThe article states this is the second flash loan attack on Allbridge Core, with a previous heist of $573,000 targeting its BNB Chain pools in April 2023.

QWhat are some potential consequences of a core protocol being paused, as mentioned in the article?

AConsequences include operational delays for cross-chain transfers, reduced liquidity movement for traders and institutions, potential loss of revenue from reduced transactions, and users possibly seeking alternative bridging solutions.

İlgili Okumalar

KPMG Completes Full Financial Statement Audit of Tether for 2025

KPMG has completed a full financial statement audit of Tether for the fiscal year ending December 31, 2025. Tether, the issuer of the USDT stablecoin, announced that the audit of Tether International, S.A. de C.V. resulted in an unqualified opinion. This means KPMG concluded the financial statements fairly present the company's financial position, in accordance with U.S. accounting rules. Tether reported a reserve surplus of $6.814 billion, meaning its assets exceeded liabilities from issued tokens at year-end. The audit went beyond previous quarterly reserve attestations by examining a broader set of records, controls, and financial reports. KPMG also physically inspected and recounted every gold bar held by Tether. This milestone comes as stablecoins face increased regulatory and market scrutiny over reserve backing and transparency. Tether's CEO, Paolo Ardoino, stated the audit addresses long-standing criticism and sets a new industry standard. Observers will now monitor whether Tether continues with audited reports and if other stablecoin issuers follow suit.

cryptonews.ru11 dk önce

KPMG Completes Full Financial Statement Audit of Tether for 2025

cryptonews.ru11 dk önce

Baltimore Takes Legal Action Against Sports Prediction Markets

Baltimore and its mayor, Brendan Scott, have filed lawsuits against prediction market platforms Kalshi and Polymarket, alleging they operate as illegal, unlicensed sports betting platforms in violation of local gambling laws. The lawsuits contend that the platforms' event contracts are unlawful wagers under state law, misleading users about their legality. Baltimore specifically named Robinhood, Webull, and Coinbase as partners in the Kalshi suit, accusing all companies of unfair practices by advertising these products as legal in Maryland. The case highlights a growing conflict between state and federal authorities in the U.S., with many expecting it to reach the Supreme Court. The Commodity Futures Trading Commission (CFTC) and the companies argue these event contracts are regulated "swaps" under federal jurisdiction. In response, a Polymarket spokesperson stated that city-level actions contradict the established federal regulatory framework for CFTC-registered prediction markets.

cryptonews.ru11 dk önce

Baltimore Takes Legal Action Against Sports Prediction Markets

cryptonews.ru11 dk önce

Trezor Customer Data Leak: Coins Are Safe, But Phishing Is Inevitable

Trezor, a hardware cryptocurrency wallet manufacturer, reported a data breach at its logistics partner, ShipMonk, affecting around 13,689 customers. The incident, confirmed on August 13, 2026, involved unauthorized access to ShipMonk's systems, which stored order information from May 10 to August 8, 2026. Trezor's own systems and user crypto assets were not compromised. The leaked data varies: for 11,742 customers, full names, email addresses, phone numbers, and delivery addresses were exposed. For 1,947 others, only name, city, and email were leaked. The breach was limited to customers in the US, UK, Sweden, Colombia, Brazil, Italy, and Portugal. Trezor warns affected users of an increased risk of phishing attacks, where malicious actors may use the stolen contact details to impersonate Trezor, banks, or exchanges to steal wallet recovery phrases. All impacted customers have been notified via email. In response, Trezor announced a planned "Anonymous Delivery" feature for the EU (September 2026) and the US (end of 2026), aiming to anonymize logistics data. ShipMonk has not yet issued a public statement on its official website. The analysis highlights this as a recurring industry pattern where third-party logistics vendors become weak links in the supply chain, storing data longer than necessary. Similar incidents, like the 2020 Ledger breach, led to prolonged phishing campaigns. A key question remains whether hardware wallets can ever fully decouple from external logistics risks.

cryptonews.ru31 dk önce

Trezor Customer Data Leak: Coins Are Safe, But Phishing Is Inevitable

cryptonews.ru31 dk önce

City of Baltimore goes after prediction markets for sports betting

The City of Baltimore and Mayor Brendan Scott have filed lawsuits against prediction market platforms Kalshi and Polymarket. The city alleges these companies operate illegal, unlicensed sports-betting platforms that mislead users about the legality of their products. Officials argue that event contracts traded on these platforms constitute unlawful wagers under Maryland state law, not legitimate financial instruments. The complaint also names Robinhood, Webull, and Coinbase as partners in these alleged deceptive practices. This action represents a significant clash between state authorities and the U.S. Commodity Futures Trading Commission (CFTC), which asserts regulatory jurisdiction over such markets, classifying event contracts as "swaps." A Polymarket spokesperson countered that the city's lawsuit contradicts the established federal regulatory framework. Legal experts anticipate the conflict may ultimately require a Supreme Court resolution.

cointelegraph36 dk önce

City of Baltimore goes after prediction markets for sports betting

cointelegraph36 dk önce

Michael Saylor, the Bitcoin Seller, Makes Controversial Statements About BTC Once Again!

MicroStrategy's Michael Saylor introduced a new framework classifying Bitcoin and digital assets based on financial functions. He defines Bitcoin as "digital capital" at one end of the "money spectrum," characterized by high volatility and high return potential as a superior store-of-value asset. In contrast, stablecoins like USDT are positioned as "digital currency," prized for price stability and transactional utility. Saylor identified intermediate categories: "digital credit" (like STRC) and "digital money," which bridge the gap between Bitcoin's capital properties and stablecoins' currency-like features. He described this entire structure as the "digital financial stack," with Bitcoin serving as the foundational, bearer-asset layer. Using an oil analogy, Saylor argued Bitcoin is valuable itself but becomes far more useful when innovated into credit, money, and currency products. He envisions Bitcoin evolving beyond a store of value to become the fundamental collateral and capital layer for a broader digital finance ecosystem.

cryptonews.ru46 dk önce

Michael Saylor, the Bitcoin Seller, Makes Controversial Statements About BTC Once Again!

cryptonews.ru46 dk önce

İşlemler

Spot

Popüler Makaleler

CORE Nasıl Satın Alınır

HTX.com’a hoş geldiniz! CORE (CORE) satın alma işlemlerini basit ve kullanışlı bir hâle getirdik. Adım adım açıkladığımız rehberimizi takip ederek kripto yolculuğunuza başlayın. 1. Adım: HTX Hesabınızı OluşturunHTX'te ücretsiz bir hesap açmak için e-posta adresinizi veya telefon numaranızı kullanın. Sorunsuzca kaydolun ve tüm özelliklerin kilidini açın. Hesabımı Aç2. Adım: Kripto Satın Al Bölümüne Gidin ve Ödeme Yönteminizi SeçinKredi/Banka Kartı: Visa veya Mastercard'ınızı kullanarak anında CORE (CORE) satın alın.Bakiye: Sorunsuz bir şekilde işlem yapmak için HTX hesap bakiyenizdeki fonları kullanın.Üçüncü Taraflar: Kullanımı kolaylaştırmak için Google Pay ve Apple Pay gibi popüler ödeme yöntemlerini ekledik.P2P: HTX'teki diğer kullanıcılarla doğrudan işlem yapın.Borsa Dışı (OTC): Yatırımcılar için kişiye özel hizmetler ve rekabetçi döviz kurları sunuyoruz.3. Adım: CORE (CORE) Varlıklarınızı SaklayınCORE (CORE) satın aldıktan sonra HTX hesabınızda saklayın. Alternatif olarak, blok zinciri transferi yoluyla başka bir yere gönderebilir veya diğer kripto para birimlerini takas etmek için kullanabilirsiniz.4. Adım: CORE (CORE) Varlıklarınızla İşlem YapınHTX'in spot piyasasında CORE (CORE) ile kolayca işlemler yapın.Hesabınıza erişin, işlem çiftinizi seçin, işlemlerinizi gerçekleştirin ve gerçek zamanlı olarak izleyin. Hem yeni başlayanlar hem de deneyimli yatırımcılar için kullanıcı dostu bir deneyim sunuyoruz.

413 Toplam GörüntülenmeYayınlanma 2024.12.13Güncellenme 2026.06.02

Tartışmalar

HTX Topluluğuna hoş geldiniz. Burada, en son platform gelişmeleri hakkında bilgi sahibi olabilir ve profesyonel piyasa görüşlerine erişebilirsiniz. Kullanıcıların CORE (CORE) fiyatı hakkındaki görüşleri aşağıda sunulmaktadır.