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Orbit Bridge Cross-Chain Bridge Hacked: $81.5 Million Stolen in New Year’s Day Attack

A high-value hacking incident will occur on New Year’s Day in 2024! This time the victim was the Orbit Bridge cross-chain bridge, and the amount of damage exceeded 80 million US dollars.
(Previous summary: A large number of blue chips on the NFT Trader trading platform were hacked! Hacker: I am a good person, transfer 10% ETH to me and you can redeem it! )
(Background supplement: Ledger was hacked and triggered a DeFi disaster: the projects involved, the amount of losses, and who the hackers were… compiled in one article)

According to Twitter user KgjrwarningOrbit Bridge was hacked and a large amount of stolen money was transferred out. Tokens with a total value of approximately US$81.5 million were divided into five transactions, and each transaction was abnormally transferred to a new wallet.

This includes 30 million USDT, 10 million DAI, 10 million USDC, 231 wBTC, and 9,500 ETH. On-chain security observer network stated that the attacker first transferred 10 ETH from Tornado Cash as the cost of the attack. The current hacker’s intentions and attack methods are still being confirmed.

Since the Orbit Bridge cross-chain bridge is often used to wrap tokens and transfer them to the Klaytn network, including assets such as OETH and OBNB, affected by this attack, the KLY token fell sharply by about 10% in a short period of time and then rebounded.

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Tags: Orbit Bridge attack cross-chain bridge hacker

2024-01-01 01:35:09
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