Orbit Bridge Hacked for $81.5 Million: Orbit Chain Ecosystem Plummets
Major Hack on Orbit Bridge
In a startling development, Orbit Bridge, a prominent cross-chain bridge, has fallen victim to a hacker attack. An estimated $81.5 million worth of tokens were illicitly transferred in the breach, as reported by Twitter user Kgjr. This significant security breach involved five separate transfers to new wallets, each transaction raising alarm within the crypto community.
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Stolen Assets: Varied and Valuable
The hacked assets include a diverse range of cryptocurrencies, amounting to a substantial loss. The stolen tokens comprise 30 million USDT, 10 million DAI, 10 million USDC, 231 wBTC, and 9,500 ETH. It’s noteworthy that the initial phase of the attack involved moving 10 ETH from Tornado Cash, presumably to fund the hacking operation. The specifics of the hacker’s methods and intentions are still under investigation.
Impact on Orbit Chain and Related Assets
Orbit Bridge’s role in facilitating the transfer of wrapped tokens (such as OETH and OBNB) to the Klaytn network has amplified the impact of the hack. Following the attack, the KLY token experienced a rapid drop of about 10% before showing signs of recovery. This sudden plunge reflects the vulnerability of the Orbit Chain ecosystem to such security breaches.
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Ongoing Investigations and Market Reactions
The crypto community and security experts are closely monitoring the situation, with efforts underway to trace the hacker and understand the full extent of the breach. This incident has raised concerns about the security of cross-chain bridges and their susceptibility to sophisticated attacks.
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Keywords: Orbit Bridge, Hacker Attack, Cryptocurrency, Security Breach, Cross-Chain Bridge, Stolen Tokens, USDT, DAI, USDC, wBTC, ETH, Klaytn Network, Orbit Chain Ecosystem, Market Impact
