Allbridge

Allbridge suffered a flash loan attack for $573k

April 2, 2023
Attack Types: 
Smart Contract Exploit ,Flash Loan Attack
Entity Types: 
DeFi ,Bridge
Target Entities: 
Allbridge

Summary # On April 2, 2023, AllBridge, a multichain token bridge, fell victim to an exploit that resulted in approximately $573,000 worth of assets being drained from its BNB Chain pools. The attacker, acting as both a liquidity provider and a swapper, exploited a flaw in a smart contract that enabled them to manipulate swap prices. This led to the theft of $282,889 in Binance USD (BUSD) and $290,868 in Tether (USDT). ...