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‼️ Loss of account access leads to $1.5 million theft in Arbitrum
🅰️ Cyvers Alert detected several suspicious transactions on the Arbitrum network related to a proxy contract vulnerability, resulting in losses of approximately $1.5 million.
➡️ The funds were transferred to Ethereum and laundered through Tornado Cash. Projects USDGambit and TLP were affected.
To prevent similar attacks in the future, L2 solutions may need to strengthen regulation regarding proxy contracts and enhance security measures.