Cross-chain protocol Allbridge suspended its Core service after an attacker exploited a vulnerability to drain roughly $1.65 million in a flash loan attack. Security firms PeckShield and CertiK, monitoring the incident onchain, reported that the perpetrator moved the stolen assets from Solana to Ethereum, a common tactic used to obscure fund trails and complicate recovery efforts. Flash loan exploits allow attackers to borrow large sums without collateral within a single transaction, manipulating protocol logic or pricing before repaying the loan. Allbridge paused its protocol to prevent further losses while it investigates the breach. The team has not yet detailed how the vulnerability was introduced or whether affected users will be compensated. The incident adds to a growing list of bridge-related security failures, which remain among the most frequently targeted components in decentralized finance due to the large liquidity pools they hold.
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