At the end of 2023, the cross-chain bridge Orbit Chain is clayton clay
-0.73%
The ecosystem suffered a hack that drained $81.5 million from the protocol across multiple transactions.
As noted by Arkham Intelligence at I did.
It’s unclear what motivated the hackers to return from dormancy. Orbit Chain, which began offering certain bridging services again after the recent exploits, noted in its announcement that the funds had been moved.
“Our team is currently working closely with the relevant authorities to quickly trace the stolen assets and take necessary action accordingly,” Protocol said in a notice posted on its Telegram channel.
According to blockchain data, the hackers moved about $48 million to new wallets before sending the funds to Tornado Cash. Hackers remain in control of approximately $71 million in Ether and DAI stablecoins due to rising asset prices since the attack occurred.
Orbit Chain has yet to provide a clear explanation for the hack, but the protocol stated that the incident was not caused by a vulnerability in the Orbit Bridge smart contract or the theft of verification keys. ” In a blog post, Orbit Chain pointed to covert actions taken by Protocol’s former Chief Information Security Officer (CIO) as a possible explanation for the attack. “I’m drunk,” he said.
Orbit Chain, which promised to share further updates with the community, could not immediately be reached for comment by The Block.
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