📰 Allbridge Pauses Protocol After $1.65M Exploit Drains Stablecoin Liquidity Pools
🗓️ Jul 20 2026 06:24 UTC - Chayanika Deka
➤ Allbridge has paused its protocol and urged users to withdraw liquidity following a $1.65 million exploit targeting its stablecoin pools.
➤ The attacker utilized a flash loan to manipulate pool ratios, withdrawing funds at distorted rates before bridging them to Ethereum and using privacy protocols.
➤ This incident highlights the ongoing security risks associated with cross-chain bridges, with Allbridge having experienced a similar exploit in the past.
#allbridge #exploit #stablecoin #liquiditypools #flashloan #crosschainbridge #securityincident #solana #ethereum #peckshield
🔗 Read more at: https://rwatimes.io/articles/cryptopotato-allbridge-pauses-protocol-after-1-65-m-exploit-drains-stablecoin-liquidity-pools-1932488302
/ RWATimes
npub1r6…jxrkh
2026-07-20 06:56:51 UTC
Author Public Key
npub1r6s7yz2fjd70eke5uttfx0emeu6ce9neszmczlfy2wwwdaftvw2sejxrkhPublished at
2026-07-20 06:56:51 UTCEvent JSON
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"content": "📰 Allbridge Pauses Protocol After $1.65M Exploit Drains Stablecoin Liquidity Pools\n🗓️ Jul 20 2026 06:24 UTC - Chayanika Deka\n\n➤ Allbridge has paused its protocol and urged users to withdraw liquidity following a $1.65 million exploit targeting its stablecoin pools.\n➤ The attacker utilized a flash loan to manipulate pool ratios, withdrawing funds at distorted rates before bridging them to Ethereum and using privacy protocols.\n➤ This incident highlights the ongoing security risks associated with cross-chain bridges, with Allbridge having experienced a similar exploit in the past.\n\n#allbridge #exploit #stablecoin #liquiditypools #flashloan #crosschainbridge #securityincident #solana #ethereum #peckshield\n\n🔗 Read more at: https://rwatimes.io/articles/cryptopotato-allbridge-pauses-protocol-after-1-65-m-exploit-drains-stablecoin-liquidity-pools-1932488302",
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