🚀 Fusion Releases Security Update Following Arbitrum Vault Vulnerability
#Fusion #SecurityUpdate #Arbitrum #IPOR #USDC #Vulnerability #CryptoSecurity #DAO #Blockchain #DeFi
According to Odaily, Fusion has issued a security update in response to a vulnerability discovered in the IPOR USDC Fusion Optimizer, specifically affecting the Arbitrum Vault. The IPOR team was notified of the issue on January 6, revealing a flaw that resulted in a loss of $336,000 in USDC. This vulnerability targeted a specific older version of the Fusion Vault, which, due to its unique configuration, was the only vault susceptible to this particular attack. The loss represents less than 1% of the total funds guaranteed by Fusion. Efforts are underway in collaboration with the Security Alliance to track and recover the funds. The IPOR DAO plans to cover the financial shortfall from its treasury, ensuring that all affected depositors receive full compensation.#Fusion #SecurityUpdate #Arbitrum #IPOR #USDC #Vulnerability #CryptoSecurity #DAO #Blockchain #DeFi