Approximately $2.23 million in USDG losses have been fully covered, with Arcus using company treasury funds to fill the gap

Odaily reports: According to Arcus monitoring, on November 9, an accounting vulnerability in the system allowed accounts to record balances exceeding the actual amount held, resulting in losses of approximately $2.23 million in USDG. The attacker subsequently attempted to withdraw another $3 million, but the withdrawal was blocked by the cross-chain bridge rate-limiting mechanism. Arcus stated that this incident did not affect other user accounts and that company treasury funds have been used to fully cover the temporary funding shortfall.