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Wu said that according to Cyvers Alerts monitoring, multiple suspicious transactions involving proxy contracts have occurred on the Arbitrum (ARB) network, resulting in approximately $1.5 million in losses. Preliminary analysis indicates that a single deployer account of USDGambit and TLP projects may have lost access, after which the attacker deployed new contracts and updated ProxyAdmin permissions to gain control. The stolen funds have been bridged to Ethereum and transferred into Tornado Cash.