orbital Chain, Reportedly suffered $81.5 million in hacking damage On Sunday, the leaked cryptocurrency “remains unmoved” from the address where the leaked funds were stored, the company announced today. “Our team is continuously monitoring stolen assets and we are committed to notifying our community when addresses associated with stolen assets take action,” the company said. post At X.
Orbit Chain following large-scale hacking presentation On Monday, it asked global cryptocurrency trading platforms to freeze stolen assets and said it was working with global security firms and law enforcement to track down the cryptocurrencies.
On December 31st, an ‘unidentified access’ to the Orbit Bridge appeared to have occurred. transmitted In five separate transactions, I received $50 million in stablecoins (30 million USDT, 10 million DAI, and 10 million USDC), 231 wBTC (~$10 million), and 9,500 ETH (~$21.5 million) to my new wallet address.
Orbit Chain has not yet disclosed the exact nature of the hack. The Block did not immediately respond to a request for comment.
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About the author
Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He previously worked as a reporter for Forkast.News, where he actively covered the fall of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong and China. He holds a Bachelor’s degree in Journalism and Business Marketing from the University of Hong Kong.