The decentralized cross-chain protocol Orbit Chain is allocating a hefty amount to identify the culprit who stole $81 million worth of crypto assets from the platform.
In December, an attacker exploited the protocol’s cross-chain bridge and looted $30 million worth of USDT, $22.5 million worth of Ethereum (ETH), $10 million worth of DAI, $10.44 million worth of Wrapped Bitcoin (WBTC) and $10 million worth of USDC.
Following the breach, the Orbit Chain team sent out notifications urging the hackers to negotiate by 10:00 AM on January 11th.
“All communications based on standard protocols, including bug bounty will terminate after 10:00 AM (UTC+9) on 11th January 2024.
If the attackers do not respond or reject the offer, the Orbit Chain Team will open the bounty to the public and continue tracking down the attackers with the active support from all contributors around the world.”
In a new update on social media platform X, Orbit Chain says the attackers failed to respond within the set timeframe, so it is now offering a reward to anyone who can provide information that will identify the hackers or recover the stolen funds.
“The final deadline for negotiation on the exploit terminated as of 10 am (UTC+9) today. We are now extending the bounty to the public.
Those who provide decisive intelligence that leads to identifying the attacker or recovering stolen assets will receive the bounty.”
Orbit Chain says the maximum reward is $8 million.
“We encourage ecosystem participants to actively share intelligence with us.
You can reach us at orbitchain@proton.me.”
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The post Orbit Chain Offers Multi-Million Dollar Bounty to the Public After Suffering $81,000,000 Hack Last Month appeared first on The Daily Hodl.
