.orion_protocol lost $3 million in crypto to an exploiter who is now passing the funds through Tornado Cash. realDannyNelson reports
Orion was the victim of a reentrancy attack , PeckShield said in a Twitter message. Gal Sagie, CEO of cybersecurity company Hypernative, said the attacker deployed a fake token called ATK which was used to manipulate the orion pools. It utilized a self-destructing smart contract.
“The protocol is being paused as we speak,” Peckshield said in a Twitter message. The firm said it is assisting Orion.Initial estimates from on-chain sleuths placed the losses at $2.8 million on Orion’s Ethereum implementation and $200,000 on its BSC implementation. Aas the attacker’s began passing ether tokens through privacy mixer Tornado Cash shortly after the event.
In Orion’s Telegram channel, Chief Marketing officer Andrew Kirk told users the protocol was looking into reports of the issue. Kirk declined to immediately comment to CoinDesk. The price of Orion’s native token ORN is little-changed following the apparent attack, up nearly 14% in the last 24 hours at $1.03.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Houston renters say landlord won’t let them in after tornado, forcing them to leave possessions behindHouston renters say landlord won’t let them in after tornado, forcing them to leave behind possessions
Read more »
Houston renters say landlord won’t let them in after tornado, forcing them to leave possessions behindIn the week after a tornado ripped through the complex, some residents of the Beamer Place Apartments feel left in the dark and mistreated by the property’s management.
Read more »
LayerZero bridging protocol denies accusation of ‘critical vulnerabilities’A response from LayerZero_Labs regarding the accusations regarding the “default configuration” critical vulnerability. 🧵 👇
Read more »
Original Terra Lending Protocol Mars Hub Deploys Mainnet, Issues AirdropThe original lending protocol of the Terra blockchain, mars_protocol, has deployed its mainnet on cosmos with plans to be released on the osmosiszone DEX. Reporting by oknightcrypto.
Read more »
DeFi protocol Archimedes raises $4.9 million in seed fundingArchimedes, a decentralized lending and borrowing protocol focused on leverage, raised $4.9 million in a seed funding round.
Read more »
Dolphins’ Tua Tagovailoa clears concussion protocol; doctors confident he’ll be ready for 2023: reportMiami Dolphins quarterback Tua Tagovailoa has cleared the NFL's concussion protocol after suffering a concussion against the Green Bay Packers in Week 16.
Read more »