Arcadia Finance Hit by $2.5 Million Exploit on Base Network

Description

Arcadia Finance, a decentralized finance (DeFi) platform operating on Coinbase’s Base blockchain, has suffered an exploit leading to the theft of approximately $2.5 million in cryptocurrency, adding to the growing list of 2025 DeFi security breaches. Blockchain security firm Cyvers reported that the attacker targeted Arcadia’s Rebalancer contract, exploiting a vulnerability by abusing arbitrary swapData parameters. This loophole allowed the attacker to execute a rogue swap, draining assets from ...