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.
Read more at Crypto News Flash.
surprising to see bounce back. The stolen funds were sent to numerous Ethereum wallets, which currently hold 26,741.6 ETH ($64 million) and around $18 million of the dai (DAI) stablecoin