Lumi Finance, a protocol on Arbitrum, is facing an ongoing attack that has resulted in losses of about $270,000, according to Blockaid monitoring.
According to Foresight News, Blockaid said its analysis indicates the incident stems from a side effect involving token approvals generated during UserOp verification for Sodium smart accounts.
Blockaid said the attacker gained control of the paymaster/spender, obtained approval allowances from a large number of accounts, and then withdrew funds.
The incident is still ongoing, Blockaid said.
Lumi Finance on Arbitrum Hit by Ongoing Attack, Blockaid Reports
2026-07-13 11:03:59
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