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The News92

"Breaking news from Pakistan and around the world."

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Youtube Live

Allbridge

Allbridge Pauses Protocol After .65M Exploit Drains Stablecoin Liquidity Swimming pools

Allbridge Pauses Protocol After $1.65M Exploit Drains Stablecoin Liquidity Swimming pools

Naveed Ahmad02 mins

Allbridge has requested customers to withdraw liquidity instantly after a $1.65 million exploit. Cross-chain stablecoin bridge, Allbridge Core, suffered a safety exploit that resulted in losses of roughly $1.65 million, in keeping with blockchain safety agency PeckShield. The agency stated the attacker has already bridged the stolen funds from Solana to Ethereum. Allbridge Responds Allbridge…

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Allbridge Core Pauses Cross-Chain Bridge after .65M Exploit

Allbridge Core Pauses Cross-Chain Bridge after $1.65M Exploit

Naveed Ahmad03 mins

Allbridge, the corporate behind cross-chain stablecoin bridge Allbridge Core, stated it has paused the protocol as a precaution after a “safety incident” that reportedly noticed $1.65 million drained on Sunday. The incident affected Allbridge Core’s Solana deployment, with the attacker already there bridged the stolen funds from Solana to Ethereum earlier than shifting them into…

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