Decentralized cross-chain protocol Orbit Bridge is in talks with law enforcement agencies after a hacker looted the project for more than $81 million worth of crypto.
The hacked project serves as a bridging service for Orbit Chain (ORC), a cross-chain platform focused on scalability.
Track chain announced the hack on Sunday then noted the next day it requested major global cryptocurrency exchanges to freeze the stolen assets.
“In addition, we work with global security experts, including Theori, to respond to issues and monitor funds in real time. In addition, we are in discussions with 26 global security companies about closer cooperation.
We are in close contact with law enforcement agencies and are working hard to locate and freeze the stolen assets.
Our efforts to communicate with the Orbit Bridge attackers continue and we have delivered a second message to them (01 Jan 2024 13:08:35 +UTC).
Blockchain security company Beosin notes the hacker stole $30 million worth of the best stablecoin USDT, $22.5 million worth of Ethereum (ETH), $10 million worth of the stablecoin DAI, $10.44 million worth of Wrapped Bitcoin (WBTC) and $10 million dollar to the stablecoin USDC.
Orbit Chain’s native token, ORC, is down more than 12% in the past 24 hours.
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