The Orbit Chain team, which suffered hacking losses estimated at over $81 million, commented on the details of the attack and where the funds were stored.
The protocol team announced in a January 2 post on
“Our team is continuously monitoring stolen assets and we are committed to notifying our community when addresses associated with stolen assets take action.”
Orbital Chain Announcement
After the attack, Orbit Chain also asked The global cryptocurrency trading platform is freezing stolen assets and working with international security companies and law enforcement agencies to track down the cryptocurrencies.
Blockchain security experts previously reported that Orbit Chain lost approximately $81 million when attackers gained access to seven out of 10 signatures in a multi-signature wallet.
While the attack was ongoing, the price of the native ORC protocol token fell by nearly 20%. At the time of this writing, it is trading at $0.055.
Project team too reported We conduct comprehensive analysis and interact with international law enforcement agencies to determine the root cause of the hack. Orbit also urged users to be wary of scams that promise to return and compensate for losses resulting from the hack, making it clear that any new information about the incident will be published through appropriate channels.