Cryptocurrency [loss] $1M+

Tweet by CertiKAlert

2023-04-24 [vendor] Ordinals Finance [chain] ethereum, bitcoin
Primary Source ↗
Financial Loss $1.0M (1,000,000 USD)
Blockchain(s) Ethereum, Bitcoin

Incident Details

Ordinals Finance was a short-lived project, emerging in late February with promises to help build out a defi ecosystem on the Bitcoin blockchain.On April 24, the project developer withdrew 256 million OFI tokens and swapped them to ETH worth around $1 million. They then laundered the funds through the Tornado Cash crypto mixer. The project creator deleted the project’s Twitter account and took down its website.

Total loss estimated at $1,000,000.

Technical Details

Vendor / Product
Ordinals Finance

Timeline

  1. 2023-04-24 Breach occurred
  2. 2023-04-24 Publicly disclosed