Orbit Bridge, a cross-chain bridge protocol, has experienced an unusual outflow of $81.5 million in multiple cryptocurrencies in what appears to be a large-scale hack.
In five separate transactions, each with a new wallet, Orbit Bridge received $50 million of stablecoins (30 million Tether, 10 million DAI, 10 million USDC), 231 wBTC (about $10 million), and 9,500 eth (about 21.5 million USD). dollars) was sent. . The hack was first discovered by X user Kgjr.
This bridge appears to be closely related to the bridge. clayton clay
-0.32%
The exact nature of the hack is not yet known and Orbit Chain could not immediately be reached for comment by The Block.
This is a developing story.
Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.
© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.