Orbit Chain

Orbit

Tornado Cash

Tornado

<ul>
 <li>The hacker or group started transferring around $48 million to Tornado Cash on Saturday.</li>
 <li>Several transactions draining $81.5M from the protocol occurred during the end of 2023.</li>
</ul>
Several transactions draining $81.5 million from the protocol occurred during the end of 2023 on the cross-chain bridge <a href="https://thenewscrypto.com/crypto-losses-in-december-nears-100m-with-orbit-chain-breach/" target="_blank" rel="noopener noreferrer nofollow">Orbit Chain</a>, which has significant links to the Klaytn ecosystem.
The assets were left undisturbed after the attack until Saturday, when the hacker or group started transferring around $48 million to <a href="https://thenewscrypto.com/tornado-cash-developer-sentenced-to-over-5-years-for-1-2b-money-laundering/" rel="noopener noreferrer nofollow">Tornado Cash</a>, a cryptocurrency mixing service based on <a href="http://ethereum.org" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a>, as reported by Arkham Intelligence on X.
<h3 class="wp-block-heading" id="h-recovery-attempts-underway">Recovery Attempts Underway</h3>
The reason for the hacker’s return from hibernation remains a mystery. The transfer of funds was announced by Orbit Chain, which has only started providing certain bridging services again after the exploit.
The protocol stated:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “Our team is currently working closely with relevant authorities to swiftly track the stolen assets and take necessary measures accordingly.”
</blockquote>
According to blockchain data, the hacker transferred over $48 million to another wallet before transferring the assets to Tornado Cash. Because the value of ether has increased after the incident, the hacker still has around $71 million in their possession.
The protocol has said that the attack did not arise from a flaw in the Orbit Bridge smart contract or the loss of a validator key. However, Orbit Chain has not provided a conclusive explanation for the occurrence.
Orbit Chain speculated in a blog post that the assault may have been caused by the previous chief information security officer of the protocol engaging in covert operations. The <a href="https://orbitchain.io/" target="_blank" rel="noopener noreferrer nofollow">protocol</a> said that the team is now pursuing the appropriate civil and criminal actions, since the news has been shocking to the staff.
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Dormant Hacker Moves $48M from Orbit Chain Exploit to Tornado Cash

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