Arcadia Finance hacker used reentrancy exploit, workforce calls for return of funds

The Arcadia Finance attacker used a reentrancy exploit to empty $455,000 from the decentralized finance (DeFi) protocol, in keeping with a July 10 autopsy report issued by the app’s improvement workforce. A “reentrancy exploit” is a bug that enables an attacker to “reenter” a contract or interrupt it throughout a multi-step course of, stopping the method from being accomplished accurately.

The workforce has despatched a message to the attacker demanding the return of funds inside 24 hours and threatening police motion if the hacker fails to conform.

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