Decentralized cross-chain protocol Orbit Chain is allocating a hefty amount of money 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 to USDC. .
After the breach, the Orbit Chain team sent out notifications insist the hackers must negotiate before January 11 at 10 a.m.
“All communications based on standard protocols, including bug bounty, will end after 10:00 AM (UTC+9) on January 11, 2024.
If the attackers do not respond or reject the offer, the Orbit Chain Team will open the bounty to the public and continue to hunt down the attackers with the active support of all contributors around the world.”
In a new update on social media platform X, Orbit Chain say Since the attackers failed to respond within the deadline, it is now offering a reward to anyone who can provide information that can identify the hackers or recover the stolen funds.
“The final deadline for exploit negotiations ended today at 10am (UTC+9). We are now extending the premium to the public.
Those who provide decisive information leading 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 information with us.
You can reach us at orbitchain@proton.me.”
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