Decentralized Finance (Defi) Protocol Arcadia Finance has been hit with an attack of almost $ 3.5 million on the Ethereum Layer-2 network called Base, according to Blockchain Security Firm Certik. The attack took place on the Ethereum Layer-2 network.
Arcadia Finance suffers $ 3.5 million Defi attack on the basic network
Certik first drawn attention to the attack in his statement today:
We have detected several suspicious transactions on the basic. The attacker stole around $ 1.6 million from Arcadia Finance. It is believed that this was done by random use of swapdates via the rebalancer contract.
A few hours later, Certik announced that the attack continued and that the total loss had reached around $ 3.5 million.
The Arcadia team also confirmed the attack and warned users in a message about the official X account (formerly Twitter):
“Non -authorized transactions were done via rebalancer. Remove all permissions from asset manager.”
On their website, users were advised to “disconnect rebalancer and compounder.”
Arcadia Finance, supported by Coinbase Ventures, is a Defi platform with which users can borrow and borrow assets, borrow and change without permission.
Certik, one of the most famous companies in the branch for Web3 Security, stated in a report that was published last month that crypto users and Defi protocols lost a total of $ 302 million in May 2025, a decrease of approximately 17% compared to April.
Certik is supported by large investors such as Sequoia Capital, Tiger Global and Goldman Sachs, and is expected to reach a rating of $ 2 billion by 2024.
*This is not investment advice.
