Orion Protocol suffers $3 million hack, peckshield says while CEO alexeykoloskov assures funds are SAFU Orion hack
As covered by U.Today previously, Orion Protocol garnered impressive popularity in 2021 when it expanded to BNB Chain , Polkadot and Cardano , becoming the first multi-chain liquidity aggregator of the DeFi segment.Orion Protocol CEO Alexey Koloskov addressed the issue in a detailed postmortem thread. First, he stressed that all end-user modules of his platform — Orion Pool, staking module, bridge, liquidity providers and trading engine — are 100% secure right now.
Then, he assured that the contract in question was not of particular importance for Orion Protocol and has nothing to do with its core codebase: We have reasons to believe that the issue was not a result of any shortcomings in our core protocol code, but rather might have been caused by a vulnerability in mixing third-party libraries in one of the smart contracts used by our experimental and private brokers.
As such, in the future, his team is going to switch to"in-house" smart contracts to remove the possibility of design flaws in third-party code. Also, due to the fact that Orion has"transient" TVL, it is among the less-exposed protocols when it comes to contract hacks, CEO Koloskov stressed.
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