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Origin Protocol said it has restored on-chain liquidity for OGN.
The DeFi stablecoin protocol said the team withdrew liquidity on Ethereum and Base after confirming the attacker held OGN, in a move to limit on-chain selling. With liquidity depleted, the attacker sold OGN at an average price about 79% below the prevailing market price, according to Origin Protocol. Prices in the affected pools have since largely stabilized, the protocol added.