Arcadia Finance Lost $455K in Hack, Exploiter Contacted | CoinMarketCap

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CryptoNews: DeFi protocol ArcadiaFinance has suffered a hack, losing $455,000 in the process. 🧐

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

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
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 /  🏆 290. in TH

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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.
แหล่ง: Cointelegraph - 🏆 562. / 51 อ่านเพิ่มเติม »

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.
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Arcadia Finance Hit by $455K Exploit on Both Ethereum, Optimism NetworksThe team behind Arcadia said that it has initiated contact with the attacker.
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