Orbit Chain Loses $81 Million in Hack
A recent hack on Orbit Chain, a cross-chain project, has resulted in the loss of approximately $81 million. The hackers were able to access seven out of ten multisig signers, compromising the security of the project.
Investigation Underway to Identify Root Cause
Orbit Chain is currently investigating the incident to determine the root cause of the hack. The project has informed users about the breach and is working with international law enforcement agencies to address the issue.
Hackers Steal Various Assets
The attackers managed to steal several assets from Orbit Chain, including 30 million USDT, 10 million USDC, 10 million DAI, 230.879 Wrapped Bitcoin (WBTC) worth $9.7 million, and 9500 Ethereum (ETH) worth $21.7 million. In total, they made off with approximately $81.5 million.
Beware of Scammers
While Orbit Chain deals with the aftermath of the hack, scammers are attempting to take advantage of the situation by conducting phishing scams. These scammers impersonate Orbit Chain on social media platforms and ask users to click on fraudulent links to claim reimbursement for their losses. It’s important to be cautious and avoid falling victim to these scams.
Hot Take: Protect Your Crypto Assets
The recent hack on Orbit Chain serves as a reminder of the importance of protecting your crypto assets. As the value of digital currencies continues to rise, hackers are becoming more sophisticated in their attacks. It’s crucial to use secure wallets and employ best practices for online security to minimize the risk of losing your funds.