The decentralized cross-chain protocol Orbit Chain is allocating a hefty quantity to establish the offender who stole $81 million price of crypto property 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 group despatched out notifications urging the hackers to barter by 10:00 AM on January eleventh.
“All communications based mostly 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 Staff will open the bounty to the general public and proceed monitoring down the attackers with the lively assist from all contributors all over 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 can establish the hackers or recuperate the stolen funds.
“The ultimate deadline for negotiation on the exploit terminated as of 10 am (UTC+9) immediately. We are actually extending the bounty to the general public.
Those that present decisive intelligence that results in figuring out the attacker or recovering stolen property will obtain the bounty.”
Orbit Chain says the utmost reward is $8 million.
“We encourage ecosystem contributors to actively share intelligence with us.
You possibly can attain us at orbitchain@proton.me.”
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