Orange Finance has taken swift action by locking its vaults after a significant security breach. A hacker gained access to its admin multisig wallet, which caused considerable concern among users. The platform urged individuals not to attempt deposits or withdrawals while they work to remedy the situation.

An estimated $840,000 has been lost in various assets, including stablecoins and WETH, due to this incident. Users should remain vigilant and prioritize security as the crypto landscape faces increasing challenges.