Arcadia Finance has announced via its official X account that its security team detected unauthorized transactions executed by attackers through the Rebalancer tool. The company has urgently advised users to revoke all asset manager permissions and deactivate any active rebalancers immediately. Prior to this, Certik Alert reported multiple suspicious transactions on the Base Chain involving Arcadia Finance, with attackers reportedly extracting approximately $1.6 million. This incident underscores ongoing security vulnerabilities within the cryptocurrency sector and serves as a cautionary reminder for users to take swift measures to protect their digital assets. The guidelines issued by Arcadia Finance are critical to safeguarding users from further losses. Moreover, this breach highlights the pressing need for crypto platforms to enhance their security protocols to prevent unauthorized access and financial damage. Users are strongly encouraged to maintain vigilant monitoring of their accounts and respond promptly to any suspicious activity.
Source: binance
