Orbit Chain Offers Multi-Million Dollar Bounty to the Public After Suffering $81,000,000 Hack Last Month
The decentralized cross-chain protocol Orbit Chain is allocating a hefty quantity to establish the perpetrator who stole $81 million price of crypto belongings from the platform.
In December, an attacker exploited the protocol’s cross-chain bridge and looted $30 million price of USDT, $22.5 million price of Ethereum (ETH), $10 million price of DAI, $10.44 million price of Wrapped Bitcoin (WBTC) and $10 million price of USDC.
Following the breach, the Orbit Chain crew despatched out notifications urging the hackers to negotiate by 10:00 AM on January eleventh.
“All communications primarily based on commonplace protocols, together with bug bounty will terminate after 10:00 AM (UTC+9) on eleventh January 2024.
If the attackers don’t reply or reject the supply, the Orbit Chain Workforce will open the bounty to the public and proceed monitoring down the attackers with the lively assist from all contributors round the world.”
In a brand new replace on social media platform X, Orbit Chain says the attackers failed to reply inside the set timeframe, so it’s now providing a reward to anybody who can present data that may establish the hackers or recuperate the stolen funds.
“The ultimate deadline for negotiation on the exploit terminated as of 10 am (UTC+9) in the present day. We at the moment are extending the bounty to the public.
Those that present decisive intelligence that leads to figuring out the attacker or recovering stolen belongings will obtain the bounty.”
Orbit Chain says the most reward is $8 million.
“We encourage ecosystem individuals to actively share intelligence with us.
You possibly can attain us at orbitchain@proton.me.”
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