Arcadia Finance, a liquidity management platform for decentralized cryptography exchanges, was operated on July 15, resulting in a loss of approximately 2.5 million dollars into cryptographic active ingredients. The pirates have targeted the rebalancing of the platform on the basic network, exploiting a vulnerability in its code.
After the feat, the Arcadia team quickly responded by warning X users, formerly Twitter, to delete the authorizations of their asset managers and deactivate active rebalancing to avoid other losses. This proactive measure was aimed at alleviating the impact of violation and protecting user assets.
According to the blockchain security firm, Peckshield, Arcadia Finance lost around 840 Ethereum Tokens, valued at around 2.5 million dollars at current prices. Peckshield reported that the pirates had already filled the stolen assets from the base in Ethereum, with the sanctioned cryptographic mixer, Tornado Cash, which would have been involved in the process.
This incident has not been the first time that Acadia finance has undergone a security violation. In July 2023, the platform underwent a hack of $ 455,000 due to vulnerability in its code. Despite these setbacks, Arcadia Finance is supported by Jamming Ventures and is part of the Circle Alliance, which she joined at the end of June. The USDC represents more than a third of the total value of locked Arcadia (TVL).
In response to the last exploitation, Arcadia Finance interrupted its contracts without any clear calendar for the recovery. The platform collaborates with security analysts to determine the cause of the violation and implement the necessary measures to prevent future incidents. Arcadia Finance declared its commitment to work with security partners, the police and the wider community to solve the problem and recover funds for its users.
The community and the market reacted with skepticism and concern, highlighting concerns about the state of transversal security. This incident is part of a broader trend in the increase in hacking incidents in the cryptography sector, with more than $ 2.1 billion stolen from more than 75 hacking incidents this year. This figure almost explains the total losses recorded in 2024, indicating a significant increase in attacks on previous years.
Arcadia’s feat, although smaller compared to other notable hacks this year, underlines the vulnerabilities that afflict the decentralized finance sector (DEFI). Intelligent contracts and transverse mechanisms, in particular bridges, remain very sensitive to attacks. According to reports, more than 80% of the funds stolen in 2025 took place in violation infrastructure, where hackers have exploited vulnerabilities to steal large amounts of funds.
One of the most important hacks this year was the violation of the Bybit Stock Exchange in February, where the hackers moved away from $ 1.5 billion. This attack, attributed to the Lazarus group linked to North Korea, pushed the size of the average hacking to double what it was in 2024. Other notable incidents include the feat of Cetus protocol of $ 225.6 million and the hacking of $ 89.1 million of Gonjeshke Darande.
These incidents highlight the current challenges in securing the DEFI sector and the need for improved safety measures to protect user assets and maintain confidence in the ecosystem.
