Orbit Chain tracking down hackers after the new-year eve $81M hack
In what appears to be a 2024 bad start, Orbit Chain, a platform specializing in cross-chain transactions, suffered an $81 million hack on Dec-31-2023 at 08:52 PM UTC.
Despite the setback, the platform is taking robust measures to address the situation, involving collaborations with Korean authorities, security agencies, and law enforcement globally. Here are the key details of the hack and the proactive steps taken by Orbit Chain to recover the funds and secure its ecosystem.
Orbit Chain collaborating with Korean National Police and KISA
Orbit Chain swiftly responded to the hack by initiating a collaborative effort with the Korean National Police Agency and KISA. In addition, the platform’s development team has engineered a specialized system for investigation support and cause analysis.
This collaborative approach with Korean authorities aims to enhance the investigation’s comprehensiveness and proactiveness. Discussions are also underway for close cooperation with domestic and foreign law enforcement agencies.
This collaborative effort signals a dedicated pursuit of justice, leveraging the expertise of both technology professionals and law enforcement agencies. By aligning forces with government entities, Orbit Chain seeks to bring the perpetrators to justice and reinforce the security of its cross-chain platform.
On January 2, 2024, the Orbit Chain team updated its community on X stating that it was also trying “to communicate with the attackers of the Orbit Bridge.” They said that they “delivered a second message to them (Jan-01-2024 01:08:35 PM +UTC).”
Besides collaborating with law enforcement agencies, the Orbit Chain team is urging the community and the wider Web3 ecosystem to disseminate information about the incident. This community-driven approach is seen as a strategic move to heighten awareness and potentially aid in the…
