Orbit Chain

Orbit

Read

Security

<div class="cryptonews">
 <p class="is-style-lead">The Orbit Chain team, which suffered a hack estimated to be in excess of $81 million, commented on the attack and where the funds are stored.</p>
 <p>In a post on X, the protocol team announced on Jan. 2 that stolen cryptocurrencies “remain untouched” from the addresses where the leaked funds are stored.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">As of now, the stolen assets remain unmoved.<br>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.</p>— Orbit Chain (@Orbit_Chain) January 2, 2024
   </blockquote>
  </div>
 </figure>
 <blockquote class="wp-block-quote">
  <p>“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.”</p> <cite>Orbit Chain announcement</cite>
 </blockquote>
 <p>Following the attack, Orbit Chain has also asked global cryptocurrency trading platforms to freeze stolen assets and is working with international security firms and law enforcement to track the cryptocurrency.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">Orbit Chain team has developed a system for investigation support and cause <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> with the Korean National Police Agency and KISA (Korea Internet &amp; Security Agency), enabling a more proactive and comprehensive investigation approach. <br><br>Furthermore, we are also discussing close…</p>— Orbit Chain (@Orbit_Chain) January 2, 2024
   </blockquote>
  </div>
 </figure>
 <p>Blockchain security experts previously reported that Orbit Chain lost about $81 million as attackers gained access to seven of the ten signatures of the multi-sig wallet.</p>
 <p>Amid the attack, the price of the native ORC protocol token fell by almost 20%. At the time of writing, it is trading at $0.055.</p>
 <figure class="wp-block-image size-large"><picture decoding="async" class="wp-image-14233492">
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2024/01/02/4bd310a5a6783a7f1148bac70d1d07e5.webp.webp">
   <img decoding="async" width="1024" height="566" src="https://cdn.thebittimes.com/images/2024/01/02/4bd310a5a6783a7f1148bac70d1d07e5.webp" alt="Orbit Chain comments on recent $81m exploit - 1"> 
  </picture>
  <figcaption class="wp-element-caption">
   Source: CoinMarketCap
  </figcaption>
 </figure>
 <p>The project team also reported conducting a comprehensive <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> to identify the root cause of the hack and interacting with international law enforcement agencies. Orbit also urged users to be vigilant against scams that promise to return and reimburse losses caused by the hack, clarifying that any new information about this incident will be published through the appropriate channels.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Crypto hackers managed to steal $2b in 2023
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/orbit-chain-comments-on-recent-81m-exploit-tbt75350.html">https://thebittimes.com/orbit-chain-comments-on-recent-81m-exploit-tbt75350.html</a></p>

Orbit Chain comments on recent $81m exploit

TheBitTimes

Andre artikler udgivet 2. jan. 2024

XRP Attorney’s Insights on SEI’s Staggering Growth in 2 Months

Anticipation Builds as Analysts Report SEC’s Silence on Bitcoin ETFs

Bonk, Dogecoin, and Pepe Prices Pump, Which 3 Meme Coins Are Next To Explode?

Crypto Daily Roundup 02 Jan: Bitcoin Bulls Roar as ETF Approval Nears

The Price Of Internet Computer Protocol (ICP) Increased More Than 15% Within 24 hours

Crypto Expert Forecasts Crypto Resurgence in Pivotal 2024

Join our free newsletter for daily crypto updates!