On January 8, 2025, a significant theft of funds from the Orange Finance platform came to light. Hackers exploited vulnerabilities in the company’s smart contracts to steal approximately $787,000 in cryptocurrency.
The breach was identified by PeckShieldAlert experts, who promptly warned users to cease all interactions with the platform. They also advised the immediate revocation of all smart contract approvals associated with Orange Finance to prevent further losses.
This attack has dealt a severe blow to traders who actively relied on Orange Finance’s services. The loss of substantial liquidity has already triggered a decline in trading volumes and may result in sharp price fluctuations in related trading pairs.
A technical analysis of the incident indicates that the attack likely exploited known vulnerabilities in smart contract protocols. Blockchain data records a sudden spike in transaction volumes around 03:00 UTC, pinpointing the time of the theft. The stolen funds were swiftly distributed across multiple addresses to complicate tracking efforts.
This event has once again underscored the inherent risks associated with DeFi platforms. Users are urged to regularly review their interactions with such platforms, employ independent security audits, and avoid engaging with suspicious protocols.
