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Blockchain platform has around US$85 million stolen

Orbit Chain, a platform that connects different blockchains, had around US$84.5 million diverted by hackers after a cyber attack. The platform confirmed the hack in a post on X (formerly Twitter), saying that a hacker funded a wallet using cryptocurrency mixing service Tornado Cash (which was sanctioned by the US Treasury, accused of helping hackers launder money). before attacking the Ethereum vault [ETH] from the company.

With the hack, cryptocurrencies were then sent to five Ethereum wallet addresses. These wallets currently hold 26,741.6 ETH (equivalent to US$64 million) and around 15,498,358 (US$18 million) of the DAI stablecoin (a stablecoin on the Ethereum blockchain) transferred to three addresses, which makes one total of about US$84.5 million at current prices.

Orbit Chain, founded in South Korea in 2018, revealed that it attempted to communicate with the hackers, delivering them two messages. It is also working with law enforcement authorities and global security experts to track and freeze stolen assets. Users have been warned that any refund requests currently in circulation are scams and customers have been instructed to check the official Orbit Chain page for updates.


In a series of updates made this Tuesday, 2, Orbit Chain said that the stolen assets remained unchanged. “Our team is constantly monitoring the stolen property and we promise to inform the community as soon as the address associated with the stolen property comes into action,” the company posted on X.

The blockchain added that it has developed a system for supporting investigation and cause analysis with the Korean National Police Agency and the Korean Internet and Security Agency (KISA), as well as working with domestic and international law enforcement agencies. asked all members of the Orbit Chain community and the Web3 ecosystem to help spread this information as widely as possible.

Source: CisoAdvisor

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