Following a security breach, Arcadia Finance urges users to revoke permissions and remove active Rebalancers to safeguard their assets.
Arcadia Finance has confirmed a hack resulting in a loss of approximately $1.6 million, detected by CertiK on July 15. The attack exploited vulnerabilities in the protocol's rebalancing contract, prompting the platform to advise users to revoke all Asset Manager permissions and eliminate active Rebalancers to protect their assets.