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Arcus Labs covers $2.23M loss after USDG withdrawal flaw on Robinhood Chain platform

Market News
11 Nov 2026, 09:42 WIB
Tokenpost
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Bearish
Arcus Labs covers $2.23M loss after USDG withdrawal flaw on Robinhood Chain platform

Arcus Labs faced a $2.23 million shortfall due to an accounting flaw that allowed a newly created account to withdraw Global Dollar (USDG) from its Robinhood Chain trading platform. The flaw involved transfers between the account's subaccounts, causing an inflated balance and enabling a withdrawal of over 2.2 million USDG. Additional withdrawal attempts worth $3 million were blocked and reversed. Arcus paused withdrawals, fixed the issue within 30 minutes, resumed withdrawals early next day, and covered the loss from its treasury. The incident affected only one account, leaving other users' balances and orders intact. Arcus is tracking the withdrawn funds on-chain and operates a self-custodial trading protocol unavailable in the U.S.

Arcus Labs' recent $2.23 million USDG shortfall is presented here with Pluang's market data as of Nov 11, 2026 14:02 WIB. On this date, out of 50 major cryptocurrencies priced on Pluang, 9 rose and 40 fell. Notable movers include SOL at Rp1.491.794 with a -4.20% change and a typical hold time of 72 days, CRV at Rp4.491 down 3.50%, and DOGE priced at Rp1.223 with a -3.47% change. The most notable figure is the 59% buy order activity for SOL on Pluang.

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