Allbridge Core Hit by $1.65M Solana Exploit, Funds Traced to Ethereum

The post Allbridge Core Hit by $1.65M Solana Exploit, Funds Traced to Ethereum appeared first on Coinpedia Fintech News

Cross-chain bridge protocol Allbridge Core has paused operations after suffering a security exploit that drained roughly $1.65 million from its Solana-based infrastructure. Allbridge said it paused the protocol as a precaution and urged liquidity providers in affected pools to withdraw their funds while the investigation continues. Blockchain security firm PeckShield estimated the total loss at …