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Rico Credit System Hack

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20 Apr 2024
$45k stolen
Arbitrum Logo

Around $45k was stolen from Rico Credit System, a stablecoin protocol on Arbitrum, and its users. Its BankDiamond flash() function executed attacker-controlled calldata against an arbitrary token, letting the attacker call transferFrom against wallets that had approved the diamond, in addition to draining the diamond's own balances. Anyone who approved the Rico BankDiamond should revoke.

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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