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.
China's central bank, the PBOC, stopped Solana's advertising campaign and related events in Shanghai, citing violations of a February 2026 notice against illegal cryptocurrency activities. The ads appeared prominently on the Citigroup Building and pr...
Solana's price fell over 7% to $89.62 following a broad crypto market sell-off triggered by losses in chip and tech stocks. Concurrently, Solana validators must upgrade to Agave 4.4.1 software before epoch 1079 to avoid being forked off the network a...
China's central bank stopped a Solana promotional event in Shanghai due to violations of the country's cryptocurrency advertising restrictions. Authorities found that Solana collaborated with local entities to advertise in Shanghai's financial distri...
As of November 6, Ethereum held $136.55 billion in stablecoins compared to Solana's $14.76 billion, highlighting a significant capital difference between the two networks. Decentralized finance value locked on Ethereum was also much higher at $42.99 ...
Following the US midterm elections, tech stocks plunged, dragging Solana down nearly 7% to $89.63 amid broader market risk-off sentiment. Concerns over Solana's ecosystem, including a halted lending protocol and an upcoming validator upgrade, intensi...
