Oraichain EVM Vulnerability Causes Unauthorized Minting, Network Suspended

An EVM cross-chain flaw enabled unauthorized ORAI minting, forcing a network shutdown. The team has patched the exploit and is coordinating with exchanges to secure funds while reconciling accounts.

Woofun AI reports that Oraichain disclosed an exploit within its EVM cross-chain transfer mechanism, resulting in unauthorized ORAI token generation. The network halted operations at 12:00 on August 9, restricting all cross-chain routes and public interfaces. The development team has remediated the vulnerability and blocked associated fund flows. They are currently collaborating with partners and centralized exchanges to prevent further asset movement and protect affected holdings. Account reconciliation efforts remain ongoing, with plans to restore supply by burning illicitly minted tokens and adjusting protocol status.