Arcus fixes accounting bug, covers approximately $2 million shortfall from treasury

The Robinhood Chain exchange says a user withdrew funds they weren't entitled to, but no customer balances were affected Arcus, a decentralized exchange running on Robinhood Chain, says it found and fixed an accounting bug that let a user withdraw money they had no right to. The exchange covered the full shortfall, approximately $2 million, from its own treasury. In other words, the platform paid for its own mistake so customers wouldn’t have to. According to Arcus, the bug was identified on November 9 and patched within one hour of detection. The company says no user balances were affected, and trading and withdrawals are running normally. What happened at Arcus The core issue was an accounting error. Somewhere in the system that tracks who owns what, the numbers stopped matching reality. Arcus has not publicly described the specific mechanics of the bug. It also has not said whether the withdrawal was deliberate exploitation or an opportunistic user noticing a balance that looked too generous. The company’s statement focused on three points. The bug was caught quickly, the gap was filled, and customer funds were untouched. The treasury backstop is the detail that matters most her...