Cybersecurity firm BlockSec has reported an attack on the portfolio management tool Citadel.one via the Arbitrum network. The event, detected by BlockSec’s Phalcon system, resulted in estimated losses of around $93,000.
The report comes as another stark reminder of the constant cybersecurity threats in the blockchain and cryptocurrency space. Firms utilizing blockchain technology, like Citadel.one, must thus remain vigilant and reinforce security measures to stay ahead of attackers.
As of yet, there has been no comment from Citadel.one regarding strategies to counteract such events or means of reimbursing affected users, if any. Further information regarding the attack and the extent of its ramifications is currently unknown.
