Cyvers Alerts: Multiple suspicious transactions involving agency contracts have been detected on the ARB network, potentially resulting in losses of approximately $1.5 million.

According to Cyvers Alerts, multiple suspicious transactions involving proxy contracts were detected on Arbitrum (ARB), with an estimated loss of approximately $1.5 million. Initial analysis suggests that a single deployer of the USDGambit and TLP projects may have lost access to their account. The attacker then deployed a new contract and updated the proxy administrator (ProxyAdmin) privileges to gain control. The stolen funds were subsequently bridged to the Ethereum network and deposited into Tornado Cash.