Orbit Chain Comments on Recent $81M Breach
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The Orbit Chain team, which suffered a hack estimated to be worth more than $81 million, commented on the attack and where the funds were stored.
In a post on X, the protocol team announced on January 2 that the stolen cryptocurrency “remains intact” at the addresses where the leaked funds were stored.
“Our teams are constantly monitoring stolen assets and we are committed to notifying the community should action be taken against addresses associated with stolen assets.”
Track Chain Announcement
After the attack, Orbit Chain also ask Global cryptocurrency exchanges have frozen the stolen assets and are working with international security firms and law enforcement to track the cryptocurrencies.
Blockchain security experts previously reported that Orbit Chain lost approximately $81 million due to attackers obtaining 7 of the 10 signatures in the multi-signature wallet.
During this attack, the price of the native ORC protocol token fell by nearly 20%. As of this writing, it is trading at $0.055.
The project team also report Conduct comprehensive analysis to determine the root cause of hacking attacks and engage with international law enforcement agencies. Orbit also urged users to be wary of scams that promise returns and compensation for losses caused by the hack, and clarified that any new information about the incident will be released through appropriate channels.
