Binance CEO, Changpeng Zhao, said that no Binance users or assets were affected by the Orion Protocol (ORN) $3 million hack.
Changpeng Zhao tweeted that the Orion Protocol (ORN) hack was due to a lack of re-login protection and led to the loss of approximately $3M.
Allerdéngs all Binance users and assets were safe from the hack. He further said that the Binance security team monitors the hackers’ addresses.
The tweet attracted a response from Surge DeFi, sympathizing with those who incurred losses in the incident and reinstating their commitment to promoting decentralized finance (DeFi) to avoid such incidents in the past. DeFi aims to increase the safety of crypto investors by investing in less centralized protocols.
Changpeng Zhao responded to an earlier news release by PeckShield regarding the 2nd Feb 2023 Orion Protocol (ORN) hack.
The incident momentarily crippled operations at Orion Protocol as the hacker drained crypto worth a couple of million dollars. The Peckshield cybersecurity firm identified the hack, developed a full report from their observation, and sent it to Orion Protokoll before making a public announcement on Twitter.
Source: https://crypto.news/cz-says-no-binance-user-incurred-losses-from-orion-protocols-hack/