Orbit Chain’s interchain bridge has suffered a security breach, resulting in a loss of $81.5 million

Data shows that Orbit has sent stablecoins worth $50 million (30 million USDT, 10 million DAI, and 10 million USDC), 231 wBTC (about $10 million), and 9,500 ETH (about $21.5 million) to the hacker's address.

#OrbitChain #breach #BinanceSquare #dyor

1. **CertiK #Alert on Clique Discord Breach:** CertiK issues a warning about a #potential #breach in the Clique Discord server, cautioning against suspicious hyperlinks.

2. **Scam Unveilings:** CertiK exposes liquidity drainage in the SeaPad #token and a $40k liquidity theft in the MOAM token, both indicating possible #honeypot scams.

3. **Clique and MOAM Responses:** Clique acknowledges the breach, restores control, and investigates, while CertiK Alert highlights ongoing deception and manipulation issues in the crypto landscape.

Did Orbit Chain Experience an $81.7M Hack on New Year's Eve? 💸

Hackers targeted #Orbit Chain's bridging service, exploiting Orbit Bridge for an $81.7 million heist on New Year's Eve.

Pseudonymous Twitter user Kgjr flagged the #breach , leading to large outflows. Hackers moved $82 million in Tether, USD Coin, Ether, Wrapped Bitcoin, and DAI. The breach's nature remains unknown.

Orbit Chain, linked to Klaytn network, hasn't commented. Launched in 2018, Orbit Chain focuses on #cross-chain transfers between decentralized networks, not to be confused with Orbiter Finance.

#Binance
#crypto2024