A fast-moving Web3 discussion is forming around Web3 security incident: #CertiKInsight 🚨 We have seen a security incident on Allbridge Core Solana. https://t.co/HvLDMqGxSF ~$1.65M assets were stolen and bridged .
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CertiK AlertReal-time blockchain security alertsCertiK Alert provides real-time notifications and analysis of exploits, hacks, and security incidents in the Web3 ecosystem.
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Matt Corva, legal officer at Consensys, revealed that a North Korean developer using the alias Tyler Knapp was hired as an external contractor. The developer contributed to MetaMask's fiat on/off ramp code for nearly a month and had access to internal systems before being detected.
‼️Allbridge Core exploited for more than $1,100,000 Attacker flash borrowed funds on Kamino and executed swaps on Allbridge's pools For example, just in one transaction: 3,987.46 $USDT ➞ 948,927.52 $USDC Part of the funds has already been sent to privacy prot…
Security researcher @DBCrypt0 publishes a step-by-step explanation of the exploit: flash-borrow USDC from Kamino, manipulate pool rates, withdraw liquidity at fabricated rate, all in a single transaction.