Hackers have reportedly exploited Orbit Bridge, the bridging service of the cross-chain protocol Orbit Chain, for a total of $82 million, just three hours before the new year. The exploit was brought to attention by a pseudonymous Twitter user, who pointed out large outflows from the Orbit Chain Bridge protocol. Blockchain analytics platform Arkham Intelligence has confirmed that the hackers made off with $81.68 million in stolen funds.
The stolen funds include $30 million in Tether USDT, $10 million in USD coin, 9,500 Ether ETH, 231 Wrapped Bitcoin (WBTC), and $10 million in the algorithmic stablecoin DAI DAI. These funds have been transferred to multiple fresh wallets.
This incident is still developing, and more information will be provided as it becomes available.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | None |
| Companies | X (formerly Twitter), Arkham Intelligence, Officer CIA, Cyvers, Orbit Chain |
| Currencies | Ethereum, Bitcoin, US Dollar, Dai, Tether |
| Securities | None |
