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Orbit Chain announces asset recovery and ecological normalization promotion plan

Orbit Chain has announced its asset recovery and ecological normalization promotion plan. Orbit Bridge service developer Ozis has stated that they are working with validators to replace keys and will subsequently restore services accordingly. The previous vulnerability did not affect assets in the vaults of Orbit Bridge, Beeno, Ripple, TON, WEMIX, and others. Ozis also stated that they plan to disclose new business visions and directions to the community within the next week, and will further standardize the Orbit ecosystem.

Ex-Ozys security chief accused of breaching firewall, leading to $81.5 million Orbit Bridge hack

South Korean blockchain technology company Ozys' cross-chain protocol Orbit Bridge suffered a hacker attack worth $81.5 million. The company stated in a blog post on Thursday that its former chief information security officer had arbitrarily weakened the company's firewall before the security vulnerability occurred. The company has filed a lawsuit for damages against its former chief information security officer and submitted a petition requesting that local police investigate the former employee's possible connection to the hacker attack. Ozys claimed that the former security chief made several modifications to the internal firewall on November 22nd, and two days ago, the employee requested to resign voluntarily. It is reported that he left the company on December 6th without informing the company of the changes made to the security settings, and Ozys discovered these changes on January 10th. On January 1st, an "unknown access" of Orbit Bridge sent 50 million US dollars of stablecoins (30 million USDT, 10 million DAI, and 10 million USDC), 231 wBTC (about 10 million US dollars), and 9,500 Ethereum (about 21.5 million US dollars) to eight new wallets through six transactions.

Orbit Chain: The attacker has been notified of the deadline for negotiation. If the attacker does not respond or refuses, the bounty will be opened and tracking will continue.

Orbit Chain released a security event update on the X platform: "Around 13:30 today, the Orbit Chain team notified the attacker of the final deadline for negotiation. All communication based on standard protocols, including bug bounties, will end after 9:00 on January 11, 2024.

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.

Slow Mist Cosine: Preliminary analysis of Orbit Bridge is not that the private key was directly stolen, but more likely a vulnerability in the bridge or related centralized server issues

SlowMist founder Yu Xian tweeted that Orbit Bridge suffered a loss of at least $81.5 million. Preliminary analysis suggests that it was not a direct theft of private keys (although this possibility cannot be completely ruled out), but rather a vulnerability in the bridge or related centralized server that allowed attackers to deceive these private keys (7/10) to withdraw. Yu Xian also stated that the hacker's address can be viewed and pointed out that the hacker was preparing two days ago.

XY Finance: Klaytn related services have been suspended, other cross-chain services are not affected

Cross-chain aggregation platform XY Finance posted on X platform stating that, in light of the Orbit security incident, XY Finance has suspended all services related to Klaytn to protect its users.The official statement also emphasized that all other bridges and cross-chain services will not be affected and are fully operational. The team will continue to monitor the situation and will resume Klaytn-related services until further notice.

Orbit Chain: Any reimbursement claims currently circulating are scams, please do not participate

Orbit Chain has issued an update on the theft, stating that any reimbursement claims currently circulating are scams. Please do not participate and only refer to the updates from Orbit_Chain for information, which will be provided based on the situation's development.