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Cross-chain protocol Allbridge halts after $1.65 million flash loan exploit

Source: CoinDesk
Cross-chain protocol Allbridge halts after $1.65 million flash loan exploit

The attacker used a $1.12 million flash loan from Kamino to manipulate pool ratios, enabling them to withdraw assets at favorable rates before bridging funds.

CoinMagnetic

CoinMagnetic Team

Crypto investors since 2017. We trade with our own money and test every exchange ourselves.

Updated: July 2026

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