Cross-chain protocol Allbridge loses $1.65M in flash loan exploit

Cross-chain protocol Allbridge halted operations after an attacker used a $1.12 million flash loan from Kamino to manipulate pool ratios, allowing them to withdraw assets at artificially favourable rates before bridging the stolen funds. Total losses from the exploit reached $1.65 million. The incident is the latest in a series of DeFi flash loan attacks targeting liquidity pool vulnerabilities.