Hacker in SEC X account breach faces $50k fine in plea deal

Eric Council Jr., the man accused of helping to breach the X account of the U.S. Securities and Exchange Commission, has pleaded guilty to the charges. As a result, Council faces a potential $50,000 fine as part of the plea deal, Bloomberg reported. U.S. authorities proposed the forfeiture of the $50k in a filing at […]

Arbitrum’s largest liquidity manager Orange Finance loses $840k in hacker attack

Arbitrum-based Orange Finance has lost $840,000 after hackers upgraded its contracts and drained funds. Orange Finance, a liquidity management protocol on the Arbitrum network, has been hacked, with losses totaling over $840,000. The team broke the news in an X post on Jan. 8, urging users to avoid interacting with the platform. Important Announcement – […]