DeFi hack: Arcadia Finance hit by exploit on Optimism, Ethereum
Arcadia Finance gets exploited by attackers and funds get stolen from the network. Arcadia’s TVL gets impacted significantly.
Ethereum
Arcadia Finance gets exploited by attackers and funds get stolen from the network. Arcadia’s TVL gets impacted significantly.
A loophole in the code allowed the hacker to drain funds worth roughly $455,000 from Arcadia’s Ethereum (darcWETH) and Optimism (darcUSDC) vaults collectively.
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“We will be able to handle data much more efficiently, and in a cheaper way as well,” he said.