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Allbridge Pauses Protocol After $1.65M Flash Loan Attack on Solana Pools on July 19

Security Incidents Exchange Risk

2026-07-20 13:52:14

SOL2.08%

KMNO2.90%

ETH2.75%

According to blockchain security firms PeckShield and CertiK, cross-chain bridge Allbridge paused its Core protocol on July 19 after an attacker stole approximately $1.65 million from its Solana liquidity pools using a flash loan attack. The attacker borrowed $1.12 million from Solana lending protocol Kamino and executed rapid stablecoin swaps to distort the pools' internal pricing, then swapped $2.24 million in mispriced USDC and bridged the funds to Ethereum. Allbridge urged liquidity providers to withdraw from affected pools and asked traders who profited from the resulting price imbalance to return funds to a designated address for LP compensation.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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