Orbit Chain Loses $81M in Cross-Chain Bridge Exploit

Orbit Chain, a platform that communicates and transacts with various blockchains, has lost $81 million after hackers exploited the platform's cross-chain bridge. The project confirmed the hack in a post on X, saying a hacker funded a wallet using sanctioned privacy protocol Tornado Cash before attacking Orbit Chain's ethereum (ETH) vault. Proceeds of the hack were then sent to numerous Ethereum wallets. These wallets currently hold 26,741.6 ETH ($64 million) and around $18 million of the dai (DAI) stablecoin. Orbit Chain added that the funds are "unmoved." The platform's native token ORC slumped by more than 13% after the exploit.

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