Arcadia Finance Hit by $455K Exploit on Both Ethereum, Optimism Networks
Ethereum Arcadia Finance Natamaan ng $455K Exploit sa Parehong Ethereum, Optimism Networks 10 oras ang nakalipas Balita ng Ethereum ng Bitcoin Non-custodial decentralized finance (DeFi) protocol, Arcadia Finance, is the latest victim of a $455,000 exploit that occurred on both the Ethereum and Optimism networks. Confirming the hack, Arcadia revealed that it is working with security partners to minimize the damage after pausing the contracts. The platform has also roped in law enforcement to deal with the issue. Blockchain security expert PeckShield was first to notify the attack on Arcadia and inaangkin that it was caused due to “the lack of untrusted input validation,” which is exploited to drain funds from both darcWETH and darcUSDC vaults. The firm highlighted another vulnerability in the DeFi protocol – “lack of reentrancy protection” – which enables instant liquidation to bypass the internal vault health check. The stolen funds from the Optimism network portion were washed on the controversial coin mixer, Tornado Cash. But the Ethereum portion of the stolen funds, worth over $103,000, continued to remain parked in a flagged wallet address. Arcadia has not yet confirmed the validity of the root cause identified by PeckShield, but it said that an investigation is being carried out. The protocols latest pahayag basahin, “We will