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Citadel.One Suffered A Cyberattack On The Arbitrum Network, Incurring $93,000 Loss

posted onJanuary 29, 2024
by l33tdawg
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Credit: Flickr

In a concerning development for the cryptocurrency community, Citadel.one, a prominent portfolio management tool, has become the latest victim of cyberattacks in the blockchain space.

The incident, which unfolded on the Arbitrum network, was detected by the vigilant systems of BlockSec, a leading cybersecurity firm. The attack, as reported, led to substantial financial losses, with estimates hovering around the $93,000 mark. 

BlockSec’s Phalcon system, known for its robust monitoring capabilities, was instrumental in detecting the breach on Citadel.one. While the specifics of the attack mechanism remain under scrutiny, the incident underscores the persistent threats that loom over digital assets and the platforms that manage them. 

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