and washed most of it through Tornado Cash, but the Ethereum exploiter stole about $100,000 and left it in the wallet.
Since the protocol attack, Arcadia Finance's total value locked has dramatically decreased by 76%, from $605,000 to $144,000. The company claims that Arcadia Finance is susceptible to further vulnerabilities since there is no reentrancy protection, which would prevent immediate liquidation from disabling the internal vault health check.
The breach occurred amid a surge of DeFi exploits in the first half of 2023. However, the amount of money lost in the DeFi sector has significantly decreased. Arcadia Finance has made contact with the attacker and is attempting to resolve the situation with the assistance of its security partners, law enforcement and the larger community.Related Articles
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
DeFi protocol Arcadia Finance hacked on Ethereum and Optimism for $455kWhile the investigations are underway, Arcadia’s code houses another vulnerability, which could prove catastrophic for the protocol if exploited. PeckShield reveals the cause of Arcadia Finance hack. The code did not validate untrusted inputs. Hacker drained $455K from darcWETH and darcUSDC vaults.
Herkunft: Cointelegraph - 🏆 562. / 51 Weiterlesen »
Arcadia Finance hacker used reentrancy exploit, team demands return of fundsArcadia Finance: Untrusted input was not the “core issue” in the recent hack; police will be notified if the attacker does not return funds.
Herkunft: Cointelegraph - 🏆 562. / 51 Weiterlesen »
Arcadia Finance Hit by $455K Exploit on Both Ethereum, Optimism NetworksThe team behind Arcadia said that it has initiated contact with the attacker.
Herkunft: Crypto_Potato - 🏆 568. / 51 Weiterlesen »
China’s Finance Ministry calls on US to take practical actions over economic sanctionsOn US Treasury Secretary Janet Yellen's visit, China’s Finance Ministry said in a statement, urged the US to take practical actions in response to Chi
Herkunft: FXStreetNews - 🏆 14. / 72 Weiterlesen »
Explainer: Boosting the City: Part Two of UK's post-Brexit finance reformsBritain's finance minister Jeremy Hunt has set out proposals to unlock at least 50 billion pounds ($64 billion) in investments to bolster London as a competitive global financial centre.
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »
Japan Finance Minister Suzuki: arranging G7 meet on sidelines of G20Japan is arranging to hold a meeting of financial leaders from the Group of Seven (G7) advanced countries on the sidelines of the broader G20 meeting scheduled to be held July 17-18, Finance Minister Shunichi Suzuki said on Tuesday.
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »