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Home»ALTCOIN NEWS»Orbit Chain is offering a multi-million dollar bounty to the public after suffering an $81,000,000 hack last month.
ALTCOIN NEWS

Orbit Chain is offering a multi-million dollar bounty to the public after suffering an $81,000,000 hack last month.

By Crypto FlexsJanuary 12, 20242 Mins Read
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Orbit Chain is offering a multi-million dollar bounty to the public after suffering an ,000,000 hack last month.
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Orbit Chain, a decentralized cross-chain protocol, is allocating a significant amount of money to identify the culprits who stole $81 million worth of cryptocurrency assets from its platform.

Last December, attackers exploited the protocol’s cross-chain bridge to steal $30 million in USDT, $22.5 million in Ethereum (ETH), $10 million in DAI, $10.44 million in Wrapped Bitcoin (WBTC), and $10 million in USDC. .

After the breach, the Orbit Chain team sent out a notification. urge The hackers plan to negotiate until 10 a.m. on January 11.

“All communications based on standard protocols, including bug bounties, will terminate after 10:00 AM (UTC+9) on January 11, 2024.

If the attacker does not respond or rejects the offer, the Orbit Chain team will release the bounty to the public and continue to track the attacker with the active support of all contributors around the world.”

In a new update from social media platform X, Orbit Chain Called The attackers failed to respond in time, so they are now offering a reward to anyone who can provide information that can identify the hackers or recover the stolen funds.

“The final negotiation deadline for the exploit ended today at 10:00 AM (UTC+9). Now we’re extending the bounty to the public.

“Anyone who can provide critical information that will help identify the attackers or recover stolen assets will receive a reward.”

Orbit Chain says the maximum reward is $8 million.

“We encourage ecosystem participants to actively share information with us.

You can contact us at Orbitchain@proton.me.”

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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