How to Secure Your Crypto Payroll System: Lessons from Arcadia
Man, the crypto world is a wild ride, isn’t it? Just when you think you’ve seen it all, something like the Arcadia Finance exploit happens. They lost $3.5 million, and it’s got me thinking about the security landscape of DeFi and crypto payroll systems. We’ve got to be careful out there, folks.
What Went Down at Arcadia
Arcadia Finance got hit with a pretty nasty exploit that drained around $3.5 million. According to Certik, the blockchain security firm, they caught the suspicious transactions early on the Base network. The attacker manipulated the rebalancer contract, exploiting a flaw that allowed for arbitrary swap data. Arcadia had to tell its users to revoke permissions for asset managers and disconnect the rebalancer and…
