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 🚨

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.