#Arc #eUSD #Bridge #Base #DeFi #Security ⛓️
☠️ Not Arc - a trap: $490,000 USDC under one anonymous key
@Panchu2605 went through all three contracts of this "Arc bridge" on Base. Three contracts, zero verified. One wallet with a vanity address owns all three - created hours before launch, no on-chain history, no identity.
1️⃣ Three contracts, one owner, one sweep()
🟢 Vault, bridge, and eUSD token - no published source code for any of them
🟢 Single wallet 0xacBadF5a2...e501 controls all three
🟢 The sweep() function is owner-only and moves the entire reserve (~$490,000 USDC) to any address in a single transaction
"Locked" is a word on their website. It is not a property of the code.
2️⃣ eUSD is a one-way street - the bridge was shut from day one
Real Arc by Circle hasn't launched a public mainnet or an official Base bridge. A keeper wallet mints eUSD without any on-chain verification of the deposit, and that eUSD trades against real USDC in a Uniswap V3 pool on Arc - that pool is the liquidity exit door.
The bridge currently returns exchangeOpen = false and isSolvent = false: deposits go in, nothing comes back out. The freezeBridge() switch sits with the same owner.
3️⃣ The fees didn't stay in the protocol - they went cross-chain
Every deposit carries a 10% fee, owner-adjustable to 25% at will. None of it sits in a treasury. The fee wallet has already routed over $200,000 USDC through cross-chain relays this week - including a single transfer of $142,000. The money is leaving faster than it arrives.
✨ If you already deposited USDC: your eUSD is worth exactly what one anonymous wallet decides. Verify yourself - vault 0x01a29660520C693615A62382603a4cAC7ffD4A15 on Base, owner 0xacBadF5a2c7917759867534eF9772D6C9CE6e501
➡️Crouton.digital | About us⬅️
☠️ Not Arc - a trap: $490,000 USDC under one anonymous key
Everyone in your feed is "bridging to Arc mainnet." Someone actually read the contracts. Here's what your money is sitting inside.
@Panchu2605 went through all three contracts of this "Arc bridge" on Base. Three contracts, zero verified. One wallet with a vanity address owns all three - created hours before launch, no on-chain history, no identity.
1️⃣ Three contracts, one owner, one sweep()
🟢 Vault, bridge, and eUSD token - no published source code for any of them
🟢 Single wallet 0xacBadF5a2...e501 controls all three
🟢 The sweep() function is owner-only and moves the entire reserve (~$490,000 USDC) to any address in a single transaction
"Locked" is a word on their website. It is not a property of the code.
2️⃣ eUSD is a one-way street - the bridge was shut from day one
Real Arc by Circle hasn't launched a public mainnet or an official Base bridge. A keeper wallet mints eUSD without any on-chain verification of the deposit, and that eUSD trades against real USDC in a Uniswap V3 pool on Arc - that pool is the liquidity exit door.
The bridge currently returns exchangeOpen = false and isSolvent = false: deposits go in, nothing comes back out. The freezeBridge() switch sits with the same owner.
3️⃣ The fees didn't stay in the protocol - they went cross-chain
Every deposit carries a 10% fee, owner-adjustable to 25% at will. None of it sits in a treasury. The fee wallet has already routed over $200,000 USDC through cross-chain relays this week - including a single transfer of $142,000. The money is leaving faster than it arrives.
No audit. No verified code. No multisig. No timelock. No named team - and the fees are already routing to other chains. Every marker of a rug is here - and the exit door is already in use.
✨ If you already deposited USDC: your eUSD is worth exactly what one anonymous wallet decides. Verify yourself - vault 0x01a29660520C693615A62382603a4cAC7ffD4A15 on Base, owner 0xacBadF5a2c7917759867534eF9772D6C9CE6e501
➡️Crouton.digital | About us⬅️