Orbit Suspends Cross-Chain Bridge Contract After $82M Exploit: Beosin скачать в хорошем качестве

Orbit Suspends Cross-Chain Bridge Contract After $82M Exploit: Beosin

Last updated: January 1, 2024 00:08 EST . 1 min read Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission. Just hours before welcoming the new year, hackers exploited Orbit Bridge, the cross-chain bridging service of Orbit Chain, making off with a staggering $82 million. The project soon suspended the cross-chain bridge contract and initiated on-chain negotiations with the attackers, as reported by Beosin Alert, an on-chain analytics platform. 🚨@Orbit_Chain has been hacked for over $81M. The project has suspended the cross-chain bridge contract and started on-chain negotiation with the attacker. Attacker: 0x9263e7873613ddc598a701709875634819176aff — Beosin Alert (@BeosinAlert) January 1, 2024 Concerns about a potential exploit were first raised by pseudonymous Twitter user Kgjr on December 31, who highlighted significant outflows from the Orbit Chain Bridge protocol. Blockchain analytics platform Arkham Intelligence revealed that the hackers orchestrated five separate transactions, transferring $30 million in Tether (USDT), $10 million in USD Coin (USDC), Ethereum (ETH), 231 Wrapped Bitcoin (WBTC), and $10 million worth of the algorithmic stablecoin DAI to fresh wallets. Looks like orbit bridge is getting drained right now, different fresh wallets for wbtc usdt usdc and dai, test tx's showup on orbit bridge scanner but bigger ones doesnt. Wallets bellow pic.twitter.com/zlUbT0HrO2 — Kgjr (clueless333) (@KGJRTG) December 31, 2023 Orbit Chain Facilitates Cross-Chain Transfers Between Decentralized Networks. Orbit Chain, a South Korean-based multi-asset blockchain, is renowned for facilitating cross-chain transfers between various decentralized networks, particularly EVM-compatible networks and Klaytn. Notably, the protocol has strong ties to the Klaytn network, with eight of the largest assets on Klaytn being wrapped assets on the Orbit Bridge. The native coin of Orbit Chain (ORC) dropped as much as 19% upon the news of the exploit. At the time of writing, the coin is trading at $0.0576, with the price continuing to fall, as per Coingecko data. Enter your email for our Free Daily Newsletter A quick 3min read about today's crypto news! Sign Up This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. img src="https://cimg.co/p/ml-300.jpeg" alt="Image" class="img" id="newsletter-popup-img" https://cryptonews.com/news/orbit-sus... #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #cryptohack #cryptohacknews #cryptohacknewstoday #defi #definews #crypto ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple