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HomeNewsAllbridge suffered a flashloan attack that lost $570,000 including 282,889 BUSD and...

Allbridge suffered a flashloan attack that lost $570,000 including 282,889 BUSD and 290,868 USDT

On April 2, Peckshield was the first to discover the attack and warn that Allbridge was being manipulated in price on BNB Chain pools. On the same day, blockchain security company CertiK released an analysis of the hack, the method used by attackers is flashloan. Specifically, the hacker has: + A flash loan of 7.5 million BUSD; + Perform a series of swaps and add pools on Allbridge; + Manipulating prices, swapping from 40,000 USD BUSD to 789,632 USDT and draining the pool on BNB Chain.

Source: Collector

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