A security vulnerability was discovered in TMX-related contracts on the Arbitrum network, resulting in an exploit valued at approximately $1.4 million. Attackers minted and staked TMX LP tokens with USDT, then swapped USDT for USDG, unstaked, and sold the ill-gotten USDG tokens. The incident highlights potential risks within decentralized finance (DeFi) protocols operating on layer 2 solutions.
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Security Flaw on Arbitrum Results in $1.4M Exploit via TMX Contracts
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