Orbit Chain Confirms a $81 Million Hack

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Last Updated on January 3, 2024 by Bitfinsider

Orbit Chain, a cross-chain platform, announced in an X message on January 1 that it had been attacked the day before.

Late on December 31, the project reported “unidentified access” to its bridge platform. Orbit Chain has stated that it is working with international law enforcement. It stated that it is collaborating with the security firm Theoria to determine the main cause.

Orbit Chain published further details about the attack hours later. According to the report, an attacker used Tornado Cash to fund the attack and then utilized multiple wallet addresses to acquire the stolen cryptocurrency. It discovered several transaction IDs used to hack Orbit Bridge’s Ethereum Vault. It did, however, continue to refer to the major attack route as “unidentified.”

Orbit Chain has not revealed whether users are affected or declared any measures for recovery. Any offer of reimbursement is a hoax, according to the initiative.

Orbit Chain also indicated that it is collaborating with cryptocurrency exchanges to freeze assets and that it has attempted to contact the attacker.

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