Another day, another DeFi hack. Arcadia Finance has reportedly been the victim of an exploit which allowed hackers to drain roughly $455,000.
Decentralised finance (DeFi) platform Arcadia Finance has reportedly become the latest victim of a hack. Blockchain investigating firm PeckShields reported the exploit and said it was due to “the lack of untrusted input validation.”
#PeckShieldAlert Our community contributor has detected that @ArcadiaFi has been exploited on both #Ethereum and #Optimism for ~$455KThe exploiter on #Ethereum was frontrun by 0x5C75e94dD0Ab9c10BFd1B8073DafEF031D3c050dhttps://t.co/blGx5IEAkkThe exploiter on #optimism… pic.twitter.com/WDzF0XVcmL
— PeckShieldAlert (@PeckShieldAlert) July 10, 2023
PeckShields alerted about a code vulnerability that allowed a hacker to drain funds worth about $455,000 from Ethereum (darcWETH) and Optimism (darcUSDC) vaults. According to the firm, the code vulnerability lacked a validation mechanism to cross-check unverified inp
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