Hackers stole $81 million worth of cryptocurrencies from the Orbit Chain platform
On New Year's Eve, the South Korean cryptocurrency platform Orbit Chain suffered a hacker attack, during which the attackers stole crypto assets worth more than $81 million.
The Orbit Chain team has confirmed that unauthorized access was gained to the decentralized Orbit Bridge on December 31st. Hackers removed ETH from the protocol, as well as stablecoins USDC and USDT. Orbit Chain said the platform has enlisted the help of the Korea National Police Agency and the Korea Internet and Security Agency (KISA) to investigate the cyberattack.
ChainLight, a company specializing in blockchain security, is also involved in the investigation. Analytics companies CertiK and PeckShield estimated the total losses of the protocol at $81.5 million, of which $30 million was in USDT and $10 million in USDC.
