Orbit Chain Offers Reward to Public After $81 Million Hack
The decentralized cross-chain protocol Orbit Chain is allocating a significant amount of money to identify the perpetrator behind an $81 million crypto asset theft from the platform. In December, the attacker exploited the protocol’s cross-chain bridge and stole various cryptocurrencies, including USDT, Ethereum, DAI, Wrapped Bitcoin, and USDC.
The Orbit Chain team had urged the hackers to negotiate by a specified deadline. However, since the attackers failed to respond within the given timeframe, Orbit Chain is now offering a reward to anyone who can provide information leading to the identification of the hackers or recovery of the stolen funds. The maximum reward is set at $8 million.
Orbit Chain encourages ecosystem participants to actively share any intelligence they have by contacting [email protected].
Hot Take: Orbit Chain Takes Action Against Hackers
After suffering a massive $81 million hack last month, Orbit Chain is taking matters into its own hands. By offering a multi-million dollar bounty to the public for information leading to the identification of the hackers or recovery of the stolen funds, Orbit Chain demonstrates its commitment to holding those responsible accountable. This proactive approach not only incentivizes community involvement but also sends a strong message that security breaches will not be taken lightly in the crypto space. With this move, Orbit Chain sets an example for other platforms facing similar challenges.
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