Days after token airdrop, Orderly Network says its Discord has been compromised

Two days after launching its new ORDER token staking and claims features, the Orderly Network disclosed that its official Discord channel has been compromised. A malicious actor has posted an airdrop claim link that likely leads to a phishing site, X user @Aceleansol posted.

“Do not click any links until we say it is all clear,” the Orderly team wrote Thursday on social media platform X and Telegram. The only message currently accessible on the Orderly Discord is a set of rules posted by a bot in 2023.

The news comes amid an ongoing campaign to expand the protocol’s staking program, which will pay out 60% of Orderly's net revenue to participants that stake their ORDER tokens. Its token generation event, which will airdrop 92 million tokens to eligible users, began on Aug. 26.

Additionally, the platform is running a gamified “Road to The Order” campaign that pays out rewards to encourage use. Since launching in 2022, Orderly has seen over $80 billion in total trading volume from approximately 400,000 traders, according to its website.

Phishing schemes are a common occurrence in crypto where bad actors look to compromise the social media accounts of companies, influencers and celebrities to post links to smart contracts that will drain victim’s wallets. An estimated $1.2 billion has been lost to crypto hacks and scams in 2024 alone, according to Immunefi.

Orderly Network is an aggregator for DeFi platforms that offers a unified orderbook to solve liquidity fragmentation. It supports the Ethereum ETH +2.53% mainnet, Polygon, Optimism, Base, Arbitrum and Mantle. Its token is integrated into platforms like VALR, ByBit and PancakeSwap for options trading and staking.

It recently closed a $5 million strategic funding round , adding to the $20 million it raised from heavy hitters like Three Arrows Capital, Pantera Capital, Dragonfly Capital, Sequoia China, Jump Crypto and Alameda Research in 2022.