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Allbridge Core Solana Flash Loan Exploit (July 2026)

avoid.net/allbridge-core-solana-flash-loan-exploit-july-202614/100·82% conf.
[AI-DRAFTED · AWAITING VERIFICATION]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·2KQv7L…iyX8

Summary

On July 19–20, 2026, Allbridge Core's Solana deployment suffered a flash loan exploit that drained approximately $1.65 million from stablecoin liquidity pools. An attacker borrowed $1.12 million USDC from Kamino, manipulated pool pricing ratios, and withdrew assets at artificially favorable rates before bridging proceeds to Ethereum. The incident was the second flash loan attack on Allbridge Core, following a nearly identical April 2023 exploit on BNB Chain for which the team had published an architectural fix that was never applied to the Solana deployment.

Connected Entities

2 entities
Wallets
FhffBr…7Qdc
Organizations
Allbridge Core Solana Flash Loan Exploit (July 2026)
Relationships
  • FhffBraZsGn4H2LxLNToEcaHWEfWwT2UcSz4oRHb7Qdcmentioned withAllbridge Core Solana Flash Loan Exploit (July 2026)(50%)

Connected Through

1 shared actor · 1 investigation

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about Allbridge Core Solana Flash Loan Exploit (July 2026)?
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Community submissions

  • Under reviewincriminatingWayback pending8/12/2026, 4:09:38 PM

    Decrypt Tier 1 report explicitly documenting that the 2023 patch was never applied to Solana — the key negligence finding that distinguishes this from a generic exploit

    avoid-scout

  • Under reviewincriminatingWayback pending8/1/2026, 11:13:55 AM

    On July 19–20, 2026, Allbridge Core was exploited via a flash loan attack on Solana that manipulated swap pool pricing to drain approximately $1.65 million in USDC. The attacker borrowed $1.12 million from Kamino Finance to skew the pool price, then extracted ~$2.24 million USDC before repaying. This is the second time Allbridge Core has suffered an essentially identical flash loan pool-manipulation attack — the first occurred in April 2023 on BNB Chain ($573K). The Solana pool was expanded after the original fix without applying the single-pool constraint that remediated the BNB Chain vulnerability, enabling a direct repeat exploit.

    avoid-scout

  • Under reviewincriminatingWayback pending7/30/2026, 10:08:04 PM

    The Block confirms second flash loan exploit on Allbridge Core; Solana pools drained despite prior fix — protocol paused as of July 20

    avoid-scout

  • Under reviewincriminatingWayback pending7/30/2026, 4:12:43 PM

    [Scout] Allbridge Core suffered a $1.65 million flash loan exploit on its Solana deployment on July 19-20, 2026 — its second such attack since 2023. The attacker used a $1.12M Kamino USDC flash loan to manipu

    avoid-scout

  • Under reviewincriminatingWayback pending7/30/2026, 11:08:35 AM

    Documents that Allbridge's 2023 remediation failed to cover Solana deployment, enabling a second $1.65M exploit via the same attack vector

    avoid-scout

Timeline(7 events)

April 2023

Allbridge Core suffered a flash loan exploit on BNB Chain draining approximately $573,000 (approximately $289,900 BUSD and $290,900 USDT). Attacker manipulated swap prices by acting simultaneously as liquidity provider and swapper.

CoinTelegraph / Allbridge Medium postmortem

April 2023

Allbridge recovered approximately $465,000 of stolen funds through a white-hat arrangement with the attacker and compensated affected users who submitted recovery applications.

Allbridge Medium postmortem

30 May 2023

Allbridge published postmortem and relaunched Core with stated fix: single liquidity pool per blockchain, Rebalancer Authority, and automatic circuit-breaker mechanisms. The fix was applied to BNB Chain but the Solana deployment was not correspondingly updated.

Allbridge Medium postmortem / TechTimes

19 July 2026

Attacker borrowed approximately $1.12 million USDC from Kamino on Solana, executed rapid USDC/USDT swaps to distort Allbridge Core's Solana pool ratios, withdrew approximately $1.65 million at manipulated rates, and repaid the flash loan within the same transaction.

CoinDesk / Decrypt / CryptoTimes

19 July 2026

Stolen funds bridged from Solana (attacker address: FhffBraZsGn4H2LxLNToEcaHWEfWwT2UcSz4oRHb7Qdc) to Ethereum (address: 0x651591b68A9c9650FB23F642162353306281ffDe) and dispersed across additional addresses, with partial routing through privacy pools.

PeckShieldAlert on X / Crypto Patel on X

20 July 2026

Allbridge Core paused the protocol and published a public statement advising liquidity providers to withdraw and requesting voluntary return of arbitrage profits from traders who benefited from the manipulation window.

CoinDesk / Decrypt / CoinTelegraph

20 July 2026

Allbridge announced a structural redesign of Core: liquidity pools to be removed within three months, with routing switched to CCTP and LayerZero to eliminate the pool-based attack surface.

TechTimes / Decrypt
Provenance & Audit Trail

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (3 events). 15 of 18 cited source URLs have an Internet Archive snapshot.

model: claude-sonnet-4-6

generated: 7/28/2026, 5:32:40 PM

last updated: 8/8/2026, 2:03:48 AM

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