🚨 Disturbing incident on the Arbitrum network 🚨
Sudden loss… and mystery opening doors to questions.
According to reports, a suspicious transaction was detected on the FutureSwapX contract on the Arbitrum network, resulting in a loss estimated at around $395,000 💸
But the story doesn't end here 👇
▪️ A specialized security team noticed abnormal activity
▪️ Repeated exploitation of changePosition operations
▪️ Withdrawal of funds in the form of USDC
▪️ No official response yet from the project team
What's most alarming?
The contract is not open-source, making it difficult to determine the true cause… and the investigation is ongoing 🔍
On-chain data indicates unexpected changes in stablecoin balances during initial position updates,
which has opened the door for fund leakage when positions are reduced or closed.
⚠️ The message is clear:
In the DeFi world, transparency is not a luxury… it's a necessity.
And even a small vulnerability can turn into a major loss.
💬 What do you think?
Do you believe closed-source contracts pose a greater risk to investors?
Share your opinion, and don't forget to like and share this post for everyone to benefit.
$USDC #Arbitrum #defi #CryptoSecurity #blockchain #USDC