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Arcadia Finance Hit by $1.6M Exploit, Issues Urgent User Warning
Arcadia Finance has reported a security breach involving unauthorized transactions carried out through its Rebalancer tool, according to PANews. In a post on its official X account, the team urged users to immediately revoke Asset Manager permissions and disable any active Rebalancer to prevent further risk.
CertiK Alert had earlier detected suspicious activity on the Base chain, with attackers allegedly stealing approximately $1.6 million.