Orbit Suspends Cross-Chain Bridge Contract After $82M Exploit Just hours before welcoming the new year,
hackers exploited Orbit Bridge, the cross-chain bridging service of Orbit Chain, making off with a staggering $82 million.
The project soon suspended the cross-chain bridge contract and initiated on-chain negotiations with the attackers, as reported by Beosin Alert, an on-chain analytics platform.
Concerns about a potential exploit were first raised by pseudonymous Twitter user Kgjr on December 31, who highlighted significant outflows from the
Orbit Chain Bridge protocol. Blockchain analytics platform Arkham Intelligence
revealed that the hackers orchestrated five separate transactions, transferring $30 million in Tether (USDT), $10 million in USD Coin (USDC), Ethereum (ETH), 231 Wrapped Bitcoin (WBTC), and $10 million worth of the algorithmic stablecoin DAI to fresh wallets.
