#Arbitrum Contract Hacked, $2.5 Million Withdrawn#

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Overview

Recently, a contract on Arbitrum, 0x9e34F79E39AddB64f4874203066fFDdD6Ab63a41, was stolen, with approximately $2.5 million in assets extracted. According to security firm CertiK Alert, the contract's management and deployment addresses were updated 8 hours ago, followed by the extraction of approximately 1.47 million USDC, 3.7 WBTC, and 207 WETH. The specific cause and method of this incident are currently unknown, but it serves as a reminder that smart contract security issues should not be overlooked.

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Analysis

A contract on Arbitrum, 0x9e34F79E39AddB64f4874203066fFDdD6Ab63a41, was stolen, with approximately $2.5 million in assets extracted. Security firm CertiK Alert issued an alert on the X platform, stating that a suspicious transaction occurred on the contract 8 hours ago, with the administrator and deployment address being updated, resulting in the theft of approximately 1.47 million USDC, 3.7 WBTC, and 207 WETH. It is currently unclear how the attacker gained control of the contract and how the theft was executed. This incident serves as a reminder that smart contract vulnerabilities remain a significant challenge in the blockchain space, highlighting the need for enhanced contract code audits and security measures.

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Arbitrum

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contract

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0x9e34F79E39AddB64f4874203066fFDdD6Ab63a41

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suspicious

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transaction

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approximately

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2.5

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million

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USD

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assets

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extracted

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including

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1.47

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million

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USDC

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3.7

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WBTC

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and

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207

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WETH

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administrator

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and

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deployment

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address

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updated

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event

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occurred

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approximately

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8

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hours

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ago

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