Ethereum Alephium TokenBridge exploit on May 30 drained $815,000 in 7 minutes

On May 30, blockchain security firm Blockaid reported an exploit affecting Ethereum's Alephium TokenBridge, where forged approvals were used to move funds. The incident drained $815,000 in seven minutes and unlocked USDT, USDC, WBTC, and WETH, while attackers also minted 13.76 million wrapped ALPH without depositing ALPH.