DeFi Protocol Arcadia Finance Hacks Ethereum And Optimism For $455K

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Hackers exfiltrated roughly $455,000 from non-custodial websites Decentralized Finance (DeFi) It exploits code vulnerabilities to assault the Arcadia Finance protocol.

Blockchain Researcher PeckShield warned He attributed the Arcadia Finance hack to the “lack of unreliable enter validation”. This code most likely lacked a validation mechanism to cross-check unvalidated enter. This loophole allowed the hackers to exfiltrate roughly $455,000 value of funds from (darcWETH) and Optimism (darcUSDC) vaults.

The Arcadia Finance code didn’t require validation of untrusted enter.Supply: Pecshield

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