Orbit Chain faces crypto theft of about $100 million

Orbit Chain faces crypto theft of about $100 million

With insights from blockchain security firms, attack on Orbit Chain’s cross-chain bridge has pushed up the amount of crypto stolen in December 2023 to almost $100 million, stated Cointelegraph.

“PeckShieldAlert Hackers stole $99.3 million across over 36 attacks in December.The Cross-chain #OrbitBridge suffered an $81.5 million exploit on New Year’s Eve, marking it as the 9th top hack targeting a cross-chain bridge in the last 3 years,” PeckShieldAlert tweeted.

“We are in close contact with law enforcement agencies, and we are working diligently to track down and freeze the assets that have been stolen,” Orbit Chain concluded.

(With insights from Cointelegraph)

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