Arbitrum network deployer loses $1.5M in exploit

A single contract deployer on the Arbitrum (ARB) network has lost $1.5 million after their account privileges were compromised, according to blockchain security firm Cyvers Alerts. The attacker reportedly gained control of the deployer account for the USDG and TLP projects and then deployed a new contract. The stolen funds were subsequently bridged to the Ethereum network and deposited into the crypto mixer Tornado Cash.