Changpeng Zhao, CEO of cryptocurrency exchange Binance altcoin in the Orion Protocol (ORN) announced it was a hacker attack. In the case of hacking 3 million dollars Saying that there was a loss, CZ stated that no Binance customers were affected by it.
Altcoin Orion Protocol (ORN) Hacked $3 Million Stolen
“Our security team is monitoring hacker addresses,” CZ said.
There was a hack in Orion Protocol ($ORN) due to a lack of re-login protection. The loss is ~$3M. Our security team is monitoring the hacker addresses.
No Binance users / assets were affected.
stay #SAFU. 🙏
— CZ 🔶 Binance (@cz_binance) February 3, 2023
It is important for companies and organizations to have strong security measures to protect against attacks and secure customer assets. In the event of a security breach, users and the public must be notified immediately.
What is Orion Protocol (ORN)?
Orion Protocol, multiple cryptocurrency It is designed to pool the liquidity of the exchange on a decentralized platform that provides a single, unattended gateway to the entire digital asset market.
It was founded in 2018 by Alexey Koloskov to solve some important problems in decentralized finance (DeFi) and became operational in 2020.
Orion aims to solve the difficulties associated with the lack of liquidity in most crypto exchanges in carrying out profitable transactions.
This applies to both centralized and decentralized exchanges. Orion’s solution to this is to consolidate the exchanges’ order books into a single terminal that is easy to use and understand.
The purpose of the Orion Protocol is to help users get the best return on their investment while at the same time reducing the risks associated with using multiple exchanges.
At the time of this writing ORN $0.9646 traded at levels.
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!