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

60-second summary

Allbridge Core has paused its protocol after a $1.65 million flash loan exploit. Onchain analysts PeckShield and CertiK have tracked the stolen funds being bridged from Solana to Ethereum. The exploit highlights vulnerabilities in cross-chain bridges, which are increasingly popular in the DeFi space, raising concerns about the security of these platforms and their potential impact on the broader market.