Fusion: Arbitrum network USDC Fusion Optimizer vault attacked, resulting in a loss of $336,000.

Fusion has released a security update: An Arbitrum Vault vulnerability exists in the IPOR USDC Fusion Optimizer. The IPOR team was notified on January 6th that a vulnerability resulted in the loss of $336,000 worth of USDC. This exploit targets a specific older version of the Fusion Vault. Due to its unique configuration, this is the only vault vulnerable to this specific attack pattern. The loss represents less than 1% of the total funds guaranteed by Fusion. IPOR is working with the Security Alliance to track down and recover the funds. The IPOR DAO will replenish the shortfall from the treasury. All affected depositors will receive full compensation.