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Arcus discloses that approximately $2.23 million was stolen due to an accounting bug, and the funding gap has been fully replenished.

2 hours ago

Arcus has released an incident report. On the evening of November 9 (ET), a newly registered account exploited an accounting vulnerability in transfers between the platform’s sub-accounts to illegally withdraw approximately 2.2344 million USDG. Around $3 million in additional withdrawal requests were blocked by the cross-chain bridge’s on-chain withdrawal limit, not actually processed, and were subsequently revoked. After detecting the anomaly, Arcus suspended all platform withdrawals, deployed vulnerability fixes, and restored withdrawals at 4:26 AM ET on November 10. Arcus Labs has fully covered the deficit using its own corporate funds. The platform stated that the incident only involved a single account, with other users’ balances, positions, and orders remaining unaffected; trading and withdrawals are now operating normally. Arcus noted that the fix has been reviewed by security partners, and the platform is collaborating with blockchain investigators to trace the stolen funds.

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