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Allbridge Core halts protocol after $1.65M Solana stablecoin exploit using flash loan.

Market News
20 Jul 2026
Crypto news
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Bearish
pluang ai news

Allbridge Core paused its cross-chain stablecoin protocol following a security breach on Solana, where an attacker exploited the USDC/USDT liquidity pool using a $1.12 million USDC flash loan to manipulate pool rates and withdraw about $1.65 million. The protocol urged liquidity providers to withdraw funds while investigations continue, with stolen assets moved from Solana to Ethereum. This incident follows a previous Allbridge exploit in 2023 and highlights ongoing risks in cross-chain security. No reopening date has been announced yet.

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USA Rare Earth names Thras Moraitis as new CEO, Barbara Humpton to retire Oct 1, 2026

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