Concentric

1/22/2024 — EXPLOIT DETECTED

Concentric was exploited via a private key compromised (social engineering) attack on the Arbitrum network. Approximately $1.7M in funds were drained from the protocol.

TECHNIQUE: PRIVATE KEY COMPROMISED (SOCIAL ENGINEERING)

The attacker used a private key compromised (social engineering) vector to drain funds. Check the social reactions below for community analysis and on-chain investigation threads.