Arcadia Finance, a decentralized finance (DeFi) protocol operating on the BASE chain, has suffered a significant security breach. According to U.Today, hackers exploited a vulnerability, resulting in the theft of approximately $1.6 million worth of digital assets. The protocol quickly acknowledged the attack, stating, "Unauthorized transactions were detected via the rebalancer. Users should immediately revoke all asset manager permissions." This urgent call to action aimed to mitigate further losses and safeguard user funds. While details surrounding the exploit remain under investigation, the incident highlights the ongoing risks associated with DeFi platforms. Users are strongly advised to exercise caution and diligently manage their permissions on all DeFi protocols to protect their assets from potential exploits. This hack serves as a stark reminder of the importance of security audits and robust risk management practices within the rapidly evolving DeFi space. ```