CandleFocus Arbitrum’s largest liquidity manager Orange Finance loses $840k in hacker attack
2025-01-08
Author: Content Editor
Arbitrum-based liquidity management protocol, Orange Finance, has experienced a hack resulting in losses of over $840,000. The hacker took control of the admin address, upgraded the contracts, and transferred the funds to their wallet. The team is currently investigating the incident and has reached out to the hacker in the hopes of resolving the situation. The stolen funds have been converted into Ethereum. Users are advised to revoke all contract approvals associated with Orange Finance for their safety.
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