On July 15 2025, suspicious transactions on Base involving Arcadia Finance’s rebalancer contract was flagged. The attacker leveraged a malicious swapdata payload in ArcadiaFi’s rebalancer, draining roughly $1.6 million, resulting in an Arcadia finance exploit on the Base mainnet contracts.
How to Check If You’re Affected by the Arcadia Hack?
To determine if your wallet was impacted by the exploit:
- Review Your Wallet Activity: Check your transaction history for any unauthorized withdrawals or interactions with GMX V1 contracts.
- Token Balance – If you’ve deposited or are earning yield with ArcadiaFi, check your balances via BaseScan or your wallet interface.
- Transaction History – Look for any outflows tied to Arcadia rebalancer or swap operations.
- Official Communication – Follow Arcadia Finance official channels for rollbacks, snapshots, reimbursements, or contract pauses.
- Use Revoke Tools: Utilize platforms like Revoke.cash to identify and revoke any active approvals to GMX V1 contracts.
How to Stay Safe from the Arcadia exploit?
To protect your assets in the DeFi space:
- Conduct Due Diligence: Research protocols thoroughly before investing.
- Use Reputable Platforms: Prefer platforms with a proven track record and third-party security audits.
- Limit Exposure: Avoid allocating large portions of your portfolio to a single DeFi protocol.
- Stay Informed: Keep up with news and updates from the platforms you use.
What’s Next for the Arcadia Hack?
Arcadia Finance Response
Likely to pause contracts, disable rebalancer features, and issue formal alerts.
They’ll need to implement reentrancy guards, tighten input validation, and add vault health checks before redeploying the contract.
Fund Recovery Attempts
ArcadiaFi will probably engage CertiK, PeckShield, and law enforcement.
They may attempt to send on-chain messages to the exploiter (like prior Ethereum/Optimism incident) and request fund returns within a time window, using legal pressure.
Don’t forget to stay safe with FailSafe’s elite security audits!
Need Help?
Related Articles
Moonwell DeFi Exploit: Ongoing Investigation
Moonwell DeFi’s smart contracts on Base and Optimism were potentially targeted. A price feed issue exploited, risking over $1M....
402bridge Exploit: Security Alert and User Advisory
402bridge has reportedly been exploited, with funds extracted. Users are advised to revoke transaction allowances for security....
Noble X Account Compromised: Phishing Alert
The @noble_xyz X account has been compromised, sharing phishing tweets. Security measures are crucial as details unfold....
Ready to secure your project?
Get in touch with our security experts for a comprehensive audit.
Contact Us