Starting today, we will return the funds safeguarded by Stryke and resume operations of Orange Finance. Meanwhile, Orange is launching the Orange Reboot Campaign, supported by Stryke and Plutus.
The incident occurred because the EOA private key, which was managed in an online environment, had critical authority to change ownership. Additionally, the multi-sig was set to 1/2, meaning that a transaction could be executed if just one private key was compromised.
In Chapter 1, we focused on social activities, and the number of participants grew to just over 1,167 in just two weeks, with 12M Chapter1 Points distributed.
We are thrilled to announce the successful completion of our angel round for Orange Finance, the leading protocol in Automated Liquidity Management Protocol for LPDfi (LP Restaking). Notable figures from the LPDfi and Arbitrum ecosystem participated in this round, including: