Orbit Suspends Cross-Chain Bridge Contract After $82M Exploit: Beosin
Orbit Suspends Cross-Chain Bridge Contract After $82M Exploit: Beosin
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Last updated: January 1, 2024 00:08 EST . 1 min read Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission. Source: Pixabay
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.