Cross-chain protocol Allbridge halts after $1.65 million flash loan exploit
The attacker used a $1.12 million flash loan from Kamino to manipulate pool ratios, enabling them to withdraw assets at favorable rates before bridging funds.
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Summary
- Allbridge Core paused its protocol following a $1.65 million flash loan exploit on its Solana liquidity pools.
- The attacker used a $1.12 million flash loan from Kamino to manipulate pool ratios, enabling them to withdraw assets at favorable rates before bridging funds.
- Allbridge paused operations for investigation and advised liquidity providers to withdraw, while also asking traders who profited from the imbalance to return funds.
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CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
