Origin Dollar stablecoin hacked for $7M in Ethereum and DAI via flash loan attack

Origin Protocol's stablecoin, Origin Dollar (OUSD), was hacked for nearly $7 million in Ethereum and DAI through a flash loan re-entrancy attack. The breach occurred early Tuesday, causing the token price to drop over 83%, and included over $1 million from the company's founders and employees. The attacker exploited a rebase event to mint more OUSD than the contract held in assets. Origin Protocol has halted deposits, urged the hacker to return the funds, and offered a security consultant role if the stolen amount is fully returned.

Following the significant hack of Origin Protocol's stablecoin, OGN on Pluang shows resilience with a price of Rp347 and a slight 1-day gain of 0.56% as of Sep 24, 2026 22:22 WIB. Despite the security breach, the market cap stands at Rp242,96M with a 24-hour trading volume of Rp29,2M. Notably, all Pluang order activity is currently sell orders, and the typical hold time is 77 days, indicating cautious investor behavior.