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BEC scams make for a nasty business. The Feds themselves said earlier this year that they're even more lucrative than ransomware
https://www.theregister.com/2024/03/19/crypto_scams_cost/
Orion SA says scammers conned company out of $60 million
https://www.theregister.com/2024/08/13/orion_sa_says_scammers_conned/
Incident sounds like a BEC fraud targeting an unwitting staffer
The description of the incident taken from the company's Form 8-K filing with the US Securities and Exchange Commission (SEC) suggests that it may have been a business email compromise (BEC) scheme, although the term isn't used explicitly.
https://www.sec.gov/Archives/edgar/data/1609804/000095014224002170/eh240519238_8k.htm