Arcadia Finance $2.5M Base Hack via Rebalancer Flaw

Published: 2025-07-15 08:56:56 |

For July 15, Arcadia Finance catch $2.5 million hack for Base blockchain after pipo use Rebalancer contract jam. Dem commot like 2.3 million USDC and 227 thousand USDS from user vaults, then dem turn di money to 199 WETH and 965.8 million AERO before dem carry am go Ethereum. Blockchain security company Cyvers detect di wahala inside minutes, tell exchanges and bridge make dem blacklist those wey suspect. Arcadia Finance confirm di wahala, comot Rebalancer permissions, advise users to cancel di same permissions. The Arcadia Finance hack show say DeFi still get plenti bug. For first half of 2025, hack and fraud cost DeFi platform $2.47 billion, make person sabi say smart contract audit and permission management no suppose dey slack.

Bearish

Di Arcadia Finance hack show say Base blockchain DeFi protocol get big big wahala wey fit shake investor confidence. For short time, traders fit reduce how dem dey hold affected tokens like AERO plus related DeFi assets, wey go cause selling pressure. Even though Arcadia quick quick response fit reduce long term gbege, if same exploit keep happen for Layer-2 networks, e fit make market feeling bad, and overall e go mean say Base ecosystem tokens go dey bearish.