Arcadia Finance was hacked for $455,000.
10 Jul 2023, 15:04
Arcadia Finance was hacked for $455,000
Arcadia Finance's DeFi protocol was hacked, and as a result, the hacker was able to withdraw digital assets totaling about $455,000. This is reported by PeckShield analysts.
Experts report that this happened due to "lack of robust input validation." The attack affected Ethereum (darcWETH) and Optimism (darcUSDC) pools.
The Arcadia team confirmed the hack. It has since suspended the execution of contracts. Most of the stolen funds went to Optimism - 180 ETH.
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