Warning: Multiple suspicious transactions involving proxy contracts have occurred on the ARB network, estimated to cause a loss of approximately $1.5 million.

PANews January 5 News, according to Cyvers Alerts monitoring, multiple suspicious transactions involving proxy contracts were detected on Arbitrum (ARB), estimated to have caused approximately $1.5 million in losses. Preliminary analysis suggests that a single deployer of the USDGambit and TLP projects may have lost access to their accounts. Subsequently, the attacker deployed a new contract and updated the ProxyAdmin permissions to gain control. The stolen funds were then bridged to the ETH network and deposited into Tornado Cash.