On July 20, according to monitoring by Onchain Lens, Allbridge Core was attacked on Solana, resulting in losses exceeding $1.1 million. The attack process was as follows: the attacker first initiated a flash loan of 1.12 million USDC from Kamino, then quickly executed a USDC/USDT swap to manipulate the exchange rate of Allbridge's stablecoin liquidity pool. By exploiting the manipulated price, the attacker extracted liquidity and repaid the flash loan within the same transaction, ultimately profiting approximately $1.1 million. The funds were subsequently laundered through a privacy protocol. During this attack, the largest single USDC withdrawal by Allbridge reached $2.24 million.
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