According to ChainCatcher, Orange Finance was hacked and lost about $787,000 in crypto assets. The attacker upgraded the contract and transferred the funds to his own wallet by controlling the administrator address. 💼

The official recommendation is that users immediately revoke all contract authorizations related to Orange Finance to avoid further losses. At the same time, it is wise to stop any interaction with the damaged protocol. 🔒

Although such incidents are not uncommon in the crypto world, it reminds us to remain vigilant when using decentralized financial platforms to ensure the safety of assets. 📊