๐จ Flash Loan Attack Worth $1.65 Million Freezes Allbridge Protocol
Allbridge pauses its cross-chain operations for crypto assets across chains temporarily after suffering a complex flash loan attack worth $1.65 million. The attacker used flash loans to manipulate stablecoin pools on the Solana network before transferring the stolen funds to Ethereum.
โโโโโโโโโโโโโโ
๐ Impact: ๐ฅ Very High
๐ท๏ธ DeFi
#Allbridge #FlashLoanAttack #DeFiSecurity #CryptoHack #Solana
๐ Source: https://decrypt.co/373831/allbridge-pauses-cross-chain-protocol-after-1-65m-flash-loan-attack
Allbridge pauses its cross-chain operations for crypto assets across chains temporarily after suffering a complex flash loan attack worth $1.65 million. The attacker used flash loans to manipulate stablecoin pools on the Solana network before transferring the stolen funds to Ethereum.
โโโโโโโโโโโโโโ
๐ Impact: ๐ฅ Very High
๐ท๏ธ DeFi
#Allbridge #FlashLoanAttack #DeFiSecurity #CryptoHack #Solana
๐ Source: https://decrypt.co/373831/allbridge-pauses-cross-chain-protocol-after-1-65m-flash-loan-attack