Today, there's a red alert on the crypto security front. If you're someone who cares about your asset security, please pay close attention to these updates.

First, abnormal activity has been detected on the Oraichain mainnet, an AI-powered Layer 1 platform in the Cosmos ecosystem. According to Binance News, the Oraichain team shared the mainnet anomalies through their official channels and requested that all ORAI token transfers and network transactions be completely halted until the investigation into the cause is completed. As there has been no announcement regarding the specific scale of damage or whether an exploit has occurred, it seems safest to pause personal wallet transfers and monitor the situation if you are using this ecosystem.

A sophisticated phishing attack targeting Ledger hardware wallet users has also been identified. Deceptive tactics, such as exploiting sponsored search ads on portal sites to lure users to fake Ledger websites, have already resulted in over $3 million in assets being drained. While on-chain investigators are currently tracking the fund movements and the malicious ads have been removed, similar phishing ads could resurface at any time.

Both incidents serve as a major wake-up call. While mainnet internal errors or protocol-level threats are difficult for individuals to control, phishing via search ads can be fully prevented by carefully verifying the access URL. Please avoid clicking 'Sponsored' links that appear at the top of portal search results, and make it a habit to perform wallet recovery phrase entries or signature approvals only within official applications. We also recommend that Oraichain holders refrain from moving assets until further notice.

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