Cross-chain Bridge Orbit Chain Confirms Exploit Price Over $81 Million

Cross-chain bridge Orbit Chain has confirmed that it suffered an unauthorized breach of entry to its ecosystem on December 31.

The platform, which was based in 2018 in South Korea, offers cross-chain transactions between decentralized networks. It’s usually used to switch belongings between Ethereum Digital Machine-compatible networks and Klaytn.

The group has additionally requested main crypto exchanges to freeze belongings related to the hack, and is working with “world safety consultants” and “legislation enforcement companies” to trace and freeze the stolen belongings.

Orbit customers have expressed concern and confusion on social media, asking for transactions to be canceled and requesting the return of their funds. Some customers reported that their transactions have been nonetheless pending validation, whereas others complained that nobody was responding to their inquiries.

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