Allbridge Core pauses protocol after $1.65 million flash loan exploit: onchain analysts

Allbridge Core recently halted its protocol operations following a $1.65 million flash loan exploit, as detected by security firms PeckShield and CertiK. The attacker moved the stolen funds between Solana and Ethereum, highlighting vulnerabilities in cross-chain bridges. This incident underscores the growing risks in decentralized finance, where even small breaches can have significant financial and reputational impacts. The pause will likely prompt a thorough review and potential upgrades to bolster security and restore user confidence.