DeFi protocol Arcadia Finance hacked on Ethereum and Optimism for $455K By Cointelegraph
[ad_1]
A hacker drained approximately $455,000 from noncustodial decentralized finance (DeFi) protocol Arcadia Finance by exploiting a code vulnerability.
Blockchain investigator PeckShield alerted about the hack on Arcadia Finance, highlighting the cause as “the lack of untrusted input validation.” The code supposedly lacked a validation mechanism to cross-check unverified inputs. This loophole allowed the hacker to drain funds worth roughly $455,000 from (darcWETH) and Optimism (darcUSDC) vaults.
Continue Reading on Coin Telegraph
[ad_2]
Source link
A hacker drained approximately $455,000 from noncustodial decentralized finance (DeFi) protocol Arcadia Finance by exploiting a code vulnerability.
Blockchain investigator PeckShield alerted about the hack on Arcadia Finance, highlighting the cause as “the lack of untrusted input validation.” The code supposedly lacked a validation mechanism to cross-check unverified inputs. This loophole allowed the hacker to drain funds worth roughly $455,000 from (darcWETH) and Optimism (darcUSDC) vaults.
Continue Reading on Coin Telegraph
About The Author
