$2.5 Million Stolen from Arcadia Finance’s Rebalancer Contract
- Arcadia Finance’s Rebalancer contract was exploited for $2.5 million.
- The stolen assets included USDC and USDS on the Base blockchain.
- All stolen funds were converted to WETH following the attack.
The incident highlights vulnerabilities in DeFi protocols, particularly in DeFi platforms like Arcadia Finance. The swift conversion of stolen assets to WETH raises concerns about the security measures in place to protect user funds.
In total, $2.5 million was compromised during this exploit, underlining the ongoing risks associated with decentralized finance platforms.(Source)
