Concentric Hack

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Discovered On2024-01-22
Stolen Amount$1.7M
Affected Networks
Arbitrum Logo
Read Morecointelegraph.com, mirror.xyz, twitter.com

Description

Over $1.7m was stolen from users of Concentric, a DeFi protocol on Arbitrum. The attackers were able to gain access to the protocol's admin keys, which they used to execute malicious upgrades on the protocol's contracts - allowing them to drain the wallets of any users that had active token approvals for the protocol.

Affected users remain at risk as long as they haven't revoked their approvals, so it is recommended to use the Revoke.cash Exploit Checker below to make sure that you're safe.

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