• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Orange Finance on Arbitrum Loses $840,000 Due to Hack

user avatar

by Giorgi Kostiuk

6 months ago


Orange Finance, a popular DeFi protocol on the Arbitrum blockchain, was compromised, resulting in over $840,000 being stolen. The attack exposed vulnerabilities in smart contracts and compromised the admin address.

Incident Details

As reported by [Cyvers Alerts](https://x.com/CyversAlerts/status/1876941066152153165), the stolen funds were immediately converted to ETH, making it challenging to trace and recover them. The Orange Finance team is actively investigating the incident, but information on how the hack occurred is still scarce.

Orange Finance's Response

Users have been advised not to interact with the affected smart contracts and revoke any approvals granted to Orange Finance. The team [confirmed](https://x.com/0xOrangeFinance/status/1876863611458801890) the compromised contract is no longer under their control. Orange Finance attempted to contact the hacker via Arbiscan to negotiate the return of funds. (https://arbiscan.io/tx/0x584009ed27f5e9c23eb8b792034ab6a348f288f3f6c645885fe6bd20ccf79017)

Consequences and Warnings

This attack highlights the persistent risks associated with DeFi platforms, particularly those related to vulnerabilities in smart contracts. Orange Finance assures the community to keep informed on the updates regarding their investigations and recovery efforts. The situation calls users to be careful and vigilant with their digital assets, especially on platforms that have recently experienced security breaches.

Despite the situation, Orange Finance continues efforts to restore security and recover stolen funds. Users should stay informed and follow recommended guidelines.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Jensen Huang's Wealth Grows, Closing in on Warren Buffett

chest

Jensen Huang, founder of Nvidia, has increased his wealth and is now just two billion dollars behind Warren Buffett.

user avatarGiorgi Kostiuk

Latest News in Meme Coins: Exploring Arctic Pablo Coin, Dogwifhat, and Brett

chest

An overview of recent developments in Arctic Pablo Coin, Dogwifhat, and Brett, focusing on market potential and insights.

user avatarGiorgi Kostiuk

Market Overview of Meme Coins: Arctic Pablo Coin, Brett, and Official Trump Coin

chest

Exploring the latest news on Arctic Pablo Coin, Brett, and Official Trump Coin, including developments and market metrics.

user avatarGiorgi Kostiuk

Whale Activity Drives XRP to New Price Heights

chest

Ripple's XRP reaches a seven-week high at $2.44 as whales accumulate significant amounts.

user avatarGiorgi Kostiuk

Coinbase Announces Support for Pump.Fun's $PUMP ICO

chest

Coinbase reveals its support for Pump.Fun's $PUMP ICO scheduled for July 12, 2025, across several exchanges.

user avatarGiorgi Kostiuk

DeFi Dev Corp. Significantly Increases Solana Holdings, Leading Market Trends

chest

DeFi Dev Corp. has acquired 153,225 SOL, becoming the largest public holder. This highlights confidence in the Solana ecosystem.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.