Incident Overview
The Arbitrum-based liquidity management project Orange Finance suffered a $830,000 asset theft due to a misconfigured multi-sig. The attacker gained ownership of each vault, modified their implementations, and withdrew both the deposited assets and excessively approved funds. About 94% (roughly $780,000) of the total loss came from deposited assets, while the remaining 6% (around $47,000) resulted from excessive approvals.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.