CoinVoice has learned that Cyvers announced the detection of multiple suspicious transactions on the ARB network involving a proxy contract, resulting in approximately $1.5 million in losses.

Initial analysis indicates that a single deployer of the USDGambit and TLP projects may have lost access to their accounts. The attacker then deployed a new contract and updated the ProxyAdmin permissions to control the account. The stolen funds were subsequently transferred to the ETH network and deposited into TornadoCash.