🚨 Urgent: Cyber attack hits Arcadia Finance with losses of $2.5 million!
💣 Hackers managed to exploit a security vulnerability in the Arcadia Finance protocol, resulting in the theft of approximately $2.5 million, which was directly converted to WETH.
📉 Analysis and Forecast: This attack represents a new blow to the credibility of some decentralized finance (DeFi) protocols, and may lead to a withdrawal of some investors and increased calls for tighter regulation of this rapidly growing sector.
⚠️ JUST IN: Arcadia Finance exploited — $2.5M drained and swapped to WETH!
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