Orbit Chain Suffers $80 Million Cyberattack, Seeks Community Help to Recover Funds

Orbit Chain, a cross-chain bridge project, suffered a cyberattack resulting in the theft of over $80 million from its bridge. The project reported that the stolen funds, which include ETH and DAI, remain unmoved and that it is working with law enforcement agencies and blockchain security firms to recover them. Orbit Chain has yet to release a full account of the exploit, but it has requested that crypto exchanges freeze the stolen assets and is utilizing all available methods to track down the hackers. There is speculation that North Korean hackers could be behind the attack, and U.S. Senator Elizabeth Warren has called for the Bank Secrecy Act to be updated to address the threat posed by crypto.