On July 15, 2025, Arcadia Finance experienced a loss of approximately 2.5 million USD due to a hack via a cross-chain bridge. Security flaws in the DeFi sector were highlighted as stolen funds were transferred to the Ethereum network.
In the wake of this breach, Arcadia has paused its contracts and is collaborating with security experts to investigate. Growing scrutiny over DeFi security could lead to tighter regulations and innovations to enhance security protocols.
Leave a Reply