The breach on Arcadia Finance was brought to light by blockchain investigator PeckShield.
Arcadia Finance verified the hack and halted the contracts to stop the flow of payments.
Arcadia Finance, a protocol for non-custodial decentralized finance (DeFi), was hacked for over $455,000 due to a flaw in the code. The breach on Arcadia Finance was brought to light by blockchain investigator PeckShield. It attributed it to “the lack of untrusted input validation.”
It was claimed that the code did not have a means of validating data against unverified inputs. Due to this security breach, the hacker was able to steal around $455,000 worth of Ethereum (darcWETH) and Optimism (darcUSDC).
Another Vulnerability Reported
Moreover, two hours after PeckShield’s notification. Arcadia Finance verified the hack and halted the contracts to stop the flow of payments. Arcadia’s code has another vulnerability that might have severe consequences for the protocol while the investigations are ongoing.
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