$787,000 Vanished in Seconds: How Hackers Bypassed Orange Finance’s Security

On January 8, 2025, a major security breach was reported on the Orange Finance platform. Hackers managed to steal cryptocurrency worth approximately $787,000 by exploiting vulnerabilities in the company’s smart contracts.

The issue was identified by experts at PeckShieldAlert, who quickly warned users to stop all interactions with the platform. They also recommended immediately revoking all smart contract approvals related to Orange Finance to prevent further losses.

This attack had a significant impact on traders who actively used Orange Finance’s services. The loss of a large amount of liquidity has already led to a decrease in trading volumes and could cause sharp price fluctuations in related trading pairs.

Technical Analysis of the Incident

Technical analysis indicates that the attack may have been carried out using known vulnerabilities in smart contract protocols. Blockchain data shows a sudden spike in transaction volumes around 03:00 UTC, marking the time of the theft. The attackers quickly distributed the stolen funds across multiple addresses to make tracking more difficult.

DeFi Risks and User Recommendations

This incident has once again highlighted the risks associated with DeFi platforms. Users are advised to regularly review their interactions with such platforms, rely on independent security audits, and avoid working with suspicious protocols.