Orbit Chain faces crypto theft of about $100 million

The exploit is believed to be the ninth-largest hack targeting a cross-chain bridge

Orbit Chain is a cross-chain project
Orbit Chain is a cross-chain project

With insights from blockchain security firms, attack on Orbit Chain’s cross-chain bridge has pushed up the amount of crypto stolen in December 2023 to almost $100 million, stated Cointelegraph. 

“PeckShieldAlert Hackers stole $99.3 million across over 36 attacks in December.The Cross-chain #OrbitBridge suffered an $81.5 million exploit on New Year’s Eve, marking it as the 9th top hack targeting a cross-chain bridge in the last 3 years,” PeckShieldAlert tweeted.

The exploit is believed to be the ninth-largest hack targeting a cross-chain bridge over the past three years, Cointelegraph added.

“We are in close contact with law enforcement agencies, and we are working diligently to track down and freeze the assets that have been stolen,” Orbit Chain concluded.

(With insights from Cointelegraph)

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This article was first uploaded on January two, twenty twenty-four, at forty minutes past five in the evening.
Market Data
Market Data