Allbridge Core Paused Following $1.65M Solana Hack

Allbridge Core has officially halted its operations following a security breach that resulted in the loss of 1.65 million dollars. The attackers used a flash loan from Kamino to manipulate the bridge and siphon off funds. Most of the stolen capital has already been moved across to Ethereum.

In response to the incident, the team behind Allbridge urged all liquidity providers to withdraw their funds immediately. The bridge remains offline while developers investigate the source of the vulnerability and work to contain the damage.

This event highlights the ongoing security risks associated with cross chain bridges. Investors are watching closely to see if the team can recover any of the lost assets or provide a plan for reimbursement. For now, the platform is non functional while the team focuses on safety.