A flash loan incident has just “burned” $1.65 million on Allbridge—the cross-chain bridge was exploited as soon as the market started to recover. The attacker borrowed assets quickly, manipulated the stablecoin exchange rates in the liquidity pool, then withdrew the funds.
Allbridge has temporarily paused all operations. The move is necessary, but liquidity was immediately locked, and the affected users are directly impacted. The DeFi community is once again reminded of Wormhole, Ronin, or Nomad—bridges that previously lost hundreds of millions.
An old lesson that’s still new: flash loans remain a powerful weapon when liquidity pools are thin and pricing mechanisms are easy to manipulate. As a seasoned trader, I see this as a risk-management wake-up call. You shouldn’t concentrate too much capital in any single cross-chain protocol.
Do your own research, diversify, and always be prepared for the worst-case scenario.
#Bảomật #DeFi #FlashLoan #CrossChain #Allbridge
Allbridge has temporarily paused all operations. The move is necessary, but liquidity was immediately locked, and the affected users are directly impacted. The DeFi community is once again reminded of Wormhole, Ronin, or Nomad—bridges that previously lost hundreds of millions.
An old lesson that’s still new: flash loans remain a powerful weapon when liquidity pools are thin and pricing mechanisms are easy to manipulate. As a seasoned trader, I see this as a risk-management wake-up call. You shouldn’t concentrate too much capital in any single cross-chain protocol.
Do your own research, diversify, and always be prepared for the worst-case scenario.
#Bảomật #DeFi #FlashLoan #CrossChain #Allbridge