On October 30, 2024, SUNRAY FINANCE on Arbitrum was attacked when a private key was compromised, enabling malicious contract upgrade and 200 trillion SUN token mint. Attacker swapped ~$2.1M for USDC, collapsing SUN to zero.

SUNRAY FINANCE experienced a private key compromise, allowing the exploiter to gain control of the SUN and ARC tokens and sell them off, draining the funds from DEX pairs. So far, the attacker has stolen approximately $2.855 million.