The Arbitrum network, has fallen victim to a hacker exploiting wallets ahead of the upcoming ARB airdrop.

According to reports, the hacker has gained access to the private keys of over 2400 wallets and has been sending funds to them in preparation for the airdrop.

The hacker’s address, 0x59d4087f3ff91da6a492b596cbde7140c34afb19, has been identified by Nansen and Arkham as the source of the exploit.

The hacker has been sending gas to the wallets, presumably to cover the transaction fees for the upcoming airdrop, and authorizing the ARB tokens in advance.

Arbitrum users are advised to revoke any authorization for the ARB token and transfer their funds to new wallets with new private keys as a precautionary measure. The hack serves as a reminder of the importance of safeguarding private keys and taking proactive steps to protect digital assets from potential threats.

As the cryptocurrency ecosystem continues to evolve, it is crucial for users to remain vigilant and stay informed about potential threats and exploits. The security of digital assets depends on proactive measures such as secure storage, strong passwords, and regular security updates.