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$ABR BRIDGE EXPLOIT FLASH LOANS STILL BREAKING CHAINS 🔥
The attacker borrowed $1.12M USDC via Kamino, flipped it to USDT to manipulate the Allbridge stablecoin pool, then drained $1.1M in one transaction. Max withdrawal was set at $2.24M – so they knew the limits.
This is the second major DeFi exploit this month on Solana. The same flash loan mechanic, the same privacy protocol mixer afterward. Cross-chain liquidity is fragile right now, and the market doesn't react well to these events.
Are you still holding any bridged assets through Allbridge after this hit?
Not financial advice. Always manage your risk.
#ABR #DeFi #Exploit #Solana #FlashLoan
⚡
The attacker borrowed $1.12M USDC via Kamino, flipped it to USDT to manipulate the Allbridge stablecoin pool, then drained $1.1M in one transaction. Max withdrawal was set at $2.24M – so they knew the limits.
This is the second major DeFi exploit this month on Solana. The same flash loan mechanic, the same privacy protocol mixer afterward. Cross-chain liquidity is fragile right now, and the market doesn't react well to these events.
Are you still holding any bridged assets through Allbridge after this hit?
Not financial advice. Always manage your risk.
#ABR #DeFi #Exploit #Solana #FlashLoan
⚡
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