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

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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.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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