Allbridge Core paused its protocol after an attacker exploited its USDC/USDT stablecoin liquidity pools on Solana, draining over $1.1 million using a $1.12 million USDC flash loan from Kamino. The attacker manipulated pool ratios through rapid swaps, withdrew inflated liquidity, and repaid the loan within the same transaction. The stolen funds were routed through privacy protocols to hide their trail. Allbridge is investigating the incident and has asked traders who profited from the imbalance to return funds to compensate affected liquidity providers. This follows a similar flash loan exploit on Allbridge in April 2023 that caused $570,000 in losses.
The U.S. Securities and Exchange Commission (SEC) approved a Nasdaq Texas rule change that officially classifies Bitcoin, Ethereum, Solana, and XRP as digital commodities. This change allows more flexible management of crypto investment products on t...
The G7 Cyber Expert Group has called on financial institutions to start planning a coordinated transition to post-quantum cryptography to safeguard against future quantum computer threats. This shift is a long-term effort requiring extensive inventor...
President Donald Trump commented on "Solana coin," clarifying he does not manage or focus on it, referring instead to physical $1 Trump-branded tokens being sold as merchandise. This caused confusion as some thought he meant the Solana blockchain or ...
DeFi Development Corp., formerly Janover Inc., priced its CHAD preferred stock at $8 per share, raising $11 million to expand its Solana treasury. The preferred shares offer a 13% annual dividend paid daily and are perpetual and nonconvertible, givin...
Bitcoin surged above $82,000 on September 3 after $250 million in short positions were liquidated, triggering a $758 million total crypto market liquidation dominated by shorts. This short squeeze fueled a 21% rally in Zcash and notable moves in Ethe...
