Cyvers Alerts: Multiple Suspicious Transactions Involving Proxy Contracts Detected on ARB Network, Estimated Losses of Approximately $1.5 Million

According to monitoring by Cyvers Alerts, multiple suspicious transactions involving proxy contracts have been detected on Arbitrum (ARB), with estimated losses of approximately $1.5 million. Preliminary analysis suggests that the sole deployer of the USDGambit and TLP projects may have lost access to their account. 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.