Cryptocurrency bridges have long been a draw for hackers, as the recent misfortune experienced by the Orbit Chain platform further corroborates. On December 31, the platform became the unlucky victim of an attack that resulted in the theft of $86 million. Ether, Dai, Tether, and USD Coin were all taken in this heist, instilled by the state-sponsored threat actor, Lazarus.
Investigations currently underway will endeavour to explore the exactly how the hack occurred. Reports insinuate that deficiencies may have left platforms such as Belt Finance and KlaySwap open for vulnerability – including Orbit Chain. Equally, Orbit Chain has revealed their intentions to work in close cooperation with local and international law enforcement’s to freeze and detect tokens.
Regrettably, as if the aftermath of the hack wasn’t disheartening enough, onlooking hackers have seemingly come out of the woodwork to take advantage of the malfunction. Utilising credible X accounts, they have circulated phishing sites and cheated people into connecting and linking their wallets.
