Hackers appear to have rung in the new year with a massive $81.7 million hack targeting Orbit Chain’s bridging service.
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 out before ringing in the new year.
In a Dec. 31 post to X (formerly Twitter), pseudonymous Twitter user Kgjr drew attention to the potential exploit, pointing to a series of large outflows from the Orbit Chain Bridge protocol. Onchain sleuth Officer CIA and blockchain security firm Cyvers have posted similar information.
According to data from blockchain analytics platform Arkham Intelligence, the hackers appear to have made off with a total of $81.68 million in ill-gotten funds.
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