Arcadia Finance Novice

Customers who had their funds stolen in the recent Arcadia Finance theft were reimbursed by Crypto-native insurance alternative Nexus Mutual. An notification made public on Monday said that Nexus Mutual has paid out around $250,000 to customers who...

Nexus Mutual has paid about $250,000 in claims to users hit by July’s $3.5 million Arcadia Finance hack on Base.

Arcadia Finance has been hit by a $3.5 million exploit involving cross-chain transactions on Base and Ethereum, reigniting concerns over decentralized finance vulnerabilities.

Arcadia Finance’s Rebalancer contract was exploited for $2.5 million in USDC and USDS on the Base blockchain, with stolen assets swapped to WETH.

The decentralized finance sector has witnessed yet another hack, right in the midst of a bull run. The post Arcadia Finance Hacked for $2.5M: Can It Recover? appeared first on Coinspeaker.