🤷 Orange Finance on Arbitrum hacked, $787,000 in losses
In an alarming development, the Orange Finance liquidity management protocol on Arbitrum has suffered a serious cyber attack, causing the project to lose approximately $787,000. The attacker exploited a vulnerability in the smart contract to take control, conduct unauthorized transactions, and drain the project's funds.
Users are advised to immediately revoke contract permissions related to Orange Finance and stop all interactions with the protocol to avoid further losses.
Orange Finance has attempted to contact the attacker via Arbiscan to negotiate and request the return of the stolen funds.
