Hacker Exploits Allbridge Core, Draining $1,660,000 Worth of Crypto From Cross-Chain Stablecoin Bridge

A hacker manipulated the swap mechanics of a liquidity pool on the cross-chain stablecoin bridge Allbridge Core, looting $1.66 million worth of digital assets over the weekend. In a post-mortem of the incident, Allbridge notes the hacker used a flash loan and exploited the swap logic of its Solana (SOL) liquidity pools. The attacker borrowed […]
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