Arbitrum, a popular Layer 2 solution for Ethereum, got involved with a white hat hacker on September 19. According to a source, the hacker discovered a potential vulnerability in Arbitrum’s code. As a result, the network used 400 ETHs, worth about $ 560,000, as a pay-off.
Over the years, many hacks and exploits have hit the crypto industry in different dimensions. Some hacking incidents are linked to vulnerabilities that hackers discover in the crypto networks.
Some white hat hackers will sometimes settle and receive a bounty from the protocols. But other hackers will cart away available funds they find from the lapses on the network.