What happened to Allbridge Core?

Allbridge Core, a cross-chain stablecoin bridge, was exploited, resulting in $1.65 million being drained.

How did the exploit occur?

The exploit occurred through a $1.12 million USDC flash loan from Kamino, which was used to drain funds from the bridge.

What is the impact of the exploit on the cryptocurrency market?

The incident may have a negative impact on the cryptocurrency market, highlighting the vulnerability of cross-chain bridges and potentially affecting investor confidence.

Allbridge Core Halts Operations After $1.65M Exploit

July 20, 2026 · Security · CryptoRefuge

Live market snapshot (at publish): USDC $0.9998 (-0.5% 24h) · USDT $0.9992 (-0.0% 24h)

RugShield security check — USD Coin (USDC): Contract grade AAA · Speculative risk LOW · full on-chain scan

Frequently Asked Questions

What happened to Allbridge Core?: Allbridge Core, a cross-chain stablecoin bridge, was exploited, resulting in $1.65 million being drained.
How did the exploit occur?: The exploit occurred through a $1.12 million USDC flash loan from Kamino, which was used to drain funds from the bridge.
What is the impact of the exploit on the cryptocurrency market?: The incident may have a negative impact on the cryptocurrency market, highlighting the vulnerability of cross-chain bridges and potentially affecting investor confidence.