Orange Finance platform on the Arbitrum network was hacked, resulting in the theft of over $840,000. The hacker gained access to the admin account, updated the contracts, and transferred the funds to their wallet, which led to the loss of control over the system. The project team reached out to the attacker, asking them to return the stolen funds within 24 hours, promising not to involve law enforcement and considering it a white-hat hack. Users are advised to revoke all permissions related to the platform to ensure the safety of their assets.
1/8/2025 12:52:05 PM (GMT+1)
Orange Finance hack on Arbitrum: hacker stole over 840,000 dollars by gaining access to the admin account, updating the contracts, and transferring the funds to their wallet, the team urges users to revoke permissions 🚨
392
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
Ripple receives the first regional license from the Dubai Financial Services Authority to provide regulated crypto payments and services in the Dubai International Financial Centre
Elon Musk through D.O.G.E directs funds to SpaceX and Tesla, manipulating figures in government spending, which raises questions about conflicts of interest
OKX receives the MiFID II license to launch derivative products in Europe, expanding offerings for institutional clients and highlighting commitment to strict regulatory standards
Japan is reducing taxes on cryptocurrency and introducing new rules for regulating digital assets, including increased control over unregistered exchanges
Senator Tim Scott proposes a bill to exclude "reputational risk" in banking regulations, with the goal of stopping the de-banking of cryptocurrency companies and legal businesses
Microsoft is developing its own AI models and testing alternatives to OpenAI to compete in the technology space, investing $14 billion and hiring industry experts
El Salvador and Paraguay have signed a cooperation agreement on cryptocurrency regulation to combat illegal operations and improve control over money laundering
