#crypto

According to PeckShield, a hacker stole crypto assets (472 ETH) worth approximately $888,000. The project's token (RDO) has taken a sharp nosedive, already losing 65% of its value.

This decentralized protocol has suffered a loss of nearly $455,000 owing to a flaw in its code. All activities relating to contracts have been put on hold for now. A blockchain analyst from PeckShield explains this predicament as a result of inadequate input verification within Arcadia's code, a loophole the hacker exploited to drain crypto assets (darcWETH and darcUSDC) in both the Ethereum and Optimism networks.