Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Orbit Chain's hacked funds 'remain unmoved' following $81 million exploit

Orbit Chain's hacked funds 'remain unmoved' following $81 million exploit

The Block2024/01/02 08:25
By: The Block
XCN-2.66%XOLDTOKEN0.00%ETH-1.14%
Quick Take Orbit Chain’s bridge was reportedly hacked for $81.5 million worth of crypto on Dec. 31.
Orbit Chain's hacked funds 'remain unmoved' following $81 million exploit image 0

Orbit Chain, which reportedly suffered an $81.5 million hack on Sunday, announced today that the pilfered cryptocurrencies “remain unmoved” from the addresses where the leaked funds are stored. “Our team is constantly monitoring the stolen asset, and we promise to inform the community once the address associated with the stolen asset has taken action,” the company said in a post on X.

Following the major hack, Orbit Chain announced on Monday that it asked global crypto trading platforms to freeze stolen assets and is working with global security firms and law enforcement agencies to track the crypto.

On Dec. 31, an “unidentified access” to the Orbit Bridge appeared to have sent $50 million in stablecoins (30 million USDT, 10 million DAI and 10 million USDC), 231 wBTC (~$10 million) and 9,500 ETH (~$21.5 million) to fresh wallet addresses in five separate transactions.

Orbit Chain has yet to disclose the exact nature of the hack. It did not immediately respond to The Block’s request for comment.


Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

BTC/ETH VIP Earn Ultimate Carnival is officially here!
Bitget Announcement2025/09/18 07:12
New spot margin trading pair — FLOCK/USDT!
Bitget Announcement2025/09/18 06:55
0GUSDT now launched for pre-market futures trading
Bitget Announcement2025/09/18 05:39

Trending news

More
1
BTC/ETH VIP Earn Ultimate Carnival is officially here!
2
New spot margin trading pair — FLOCK/USDT!

Crypto prices

More
Bitcoin
Bitcoin
BTC
$116,835.94
-0.11%
Ethereum
Ethereum
ETH
$4,538.77
-0.42%
XRP
XRP
XRP
$3.03
-0.81%
Tether USDt
Tether USDt
USDT
$1
+0.03%
BNB
BNB
BNB
$994.3
+0.35%
Solana
Solana
SOL
$245.12
+0.85%
USDC
USDC
USDC
$0.9998
+0.00%
Dogecoin
Dogecoin
DOGE
$0.2754
-0.68%
TRON
TRON
TRX
$0.3474
+0.96%
Cardano
Cardano
ADA
$0.9107
+1.07%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter