DeFi Disaster: $3.5 Million Vanishes in Arcadia Hack! 😱
The saga began with unusual activity on the Ethereum Layer-2 network, first flagged by blockchain security firm Certik. Analysts identified unauthorized interactions with Arcadia’s Rebalancer contract—an internal mechanism designed to help balance user portfolios. Within hours, the attack escalated, and the stolen funds climbed to over $3 million.





