ORE Protocol disclosed on June 17 that a bug in its staking smart contract on the Solana blockchain enabled hackers to claim roughly 25.5 SOL, valued at about $2,215, from the yield mechanism.
Bug Identification and Immediate Fix
The development team traced the flaw to an isolated contract that handled reward distribution. They patched the vulnerability within hours and migrated staking operations to a new, secure contract. ORE’s engineers confirmed that the exploit did not affect the core mining protocol.
Financial Impact and Investor Assurance
ORE emphasized that all user deposits remain untouched despite the modest loss. The protocol’s architecture isolates each stake account, preventing attackers from accessing underlying token balances. Investors can continue to trust the platform’s safety guarantees.
Next Steps for the Community
ORE advises token holders to move their staking positions to the updated contract to resume reward accrual. The team will monitor the new contract