Orbit Chain’s Bridge Hacked for $81.5 Million in a Major Security Breach

Bhushan Akolkar reports:

Although the cryptocurrency markets have progressed significantly bridge attacks and hacks continue to plague the market due to bad players.

In a concerning development, Orbit Bridge, a prominent cross-chain bridge protocol, has experienced a notable outflow of $81.5 million across various cryptocurrencies, signaling a potential major hack. On December 31st, an anonymous Twitter user sounded the alarm about a potential exploit, highlighting substantial outflows from the Orbit Chain Bridge protocol. This concern gained traction as blockchain investigator Officer CIA and cybersecurity firm Cyvers also verified the hack.

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