Network paused, Oraichain cross-chain vulnerability leads to unauthorized minting of ORAI

Odaily News, Oraichain stated that yesterday's incident stemmed from a vulnerability in the EVM cross-chain transfer path, resulting in the unauthorized minting of ORAI. Since 04:00 UTC on August 9, the network has been suspended, with bridge contracts, cross-chain paths, and public interfaces also restricted. The relevant vulnerability path has been identified and addressed, and associated fund transfer routes have been restricted. The team is working with partners and centralized exchanges to limit further movement of funds and protect affected assets. Currently, investigations and account reconciliations are still ongoing, and the team is preparing to restore the standard supply of ORAI, including burning unauthorized minted balances, as well as reconciling and repairing affected protocol states.