In a significant security breach, hackers have successfully targeted Orbit Bridge, a key component of the Orbit Chain protocol, resulting in a substantial financial loss. The incident unfolding just hours before the New Year has prompted widespread concern across the cryptocurrency community. The exploit, first brought to light through social media posts by users including Kgjr, Officer CIA, and blockchain security firm Cyvers, involved a series of unauthorized transactions. This heist was executed through five distinct transactions involving several cryptocurrencies, including $30 million in Tether, $10 million in USD Coin, 9,500 Ethereum, 231 Wrapped Bitcoin (WBTC), and $10 million worth of the algorithmic stablecoin DAI.
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