Incident

Orbit Chain hacked, 81 million dollars stolen but now stay unmoved


Learn More

Orbit Chain, which recently experienced a significant hack leading to the loss of $81.5 million in cryptocurrencies, has reported that the stolen assets remain unaltered at their current locations. Orbit Chain is a blockchain platform designed to function as a multi-asset hub. It essentially allows for the interoperability of various blockchains by supporting the storage, transfer, and verification of assets across different blockchain networks.

The hack involved unauthorized access to the Orbit Bridge, resulting in the transfer of various cryptocurrencies, including stablecoins and others, totaling $81.5 million, to new wallet addresses. The specific details of the hack have not been disclosed by Orbit Chain, nor whether any individuals were impacted by the theft.

In response to the hack, Orbit Chain has requested cryptocurrency trading platforms worldwide to freeze the stolen assets and is collaborating with security firms and law enforcement to track the cryptocurrency.

The company is actively monitoring the situation and has pledged to keep the community updated on any movements of the stolen assets.

Orbit Chain hacked, 81 million dollars stolen but now stay unmoved