Newly Created Account Exploits Accounting Bug to Withdraw $2.2M from Arcus
Robinhood DEX @arcus_xyz identified an accounting bug on Nov 9 that allowed a single newly created account to inflate its balance through subaccount transfers and withdraw $2.23M in USDG.
An additional $3M in withdrawal requests was held back by the bridge rate limit and reversed.
Only that one account was involved — no other user balances, positions, or orders were affected.
The bug was fixed within an hour, the shortfall was covered from the company treasury, and trading and withdrawals are operating normally.
#Arcus #Robinhood #DeFi #DEX #Security #USDG #CryptoNews #blockchain
Robinhood DEX @arcus_xyz identified an accounting bug on Nov 9 that allowed a single newly created account to inflate its balance through subaccount transfers and withdraw $2.23M in USDG.
An additional $3M in withdrawal requests was held back by the bridge rate limit and reversed.
Only that one account was involved — no other user balances, positions, or orders were affected.
The bug was fixed within an hour, the shortfall was covered from the company treasury, and trading and withdrawals are operating normally.
#Arcus #Robinhood #DeFi #DEX #Security #USDG #CryptoNews #blockchain
