* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, September 28, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Jussie Smollett Claims He Was ‘Disrespected’ on the ‘Special Forces’ Season Premiere – Yahoo

    Jussie Smollett Opens Up About Feeling ‘Disrespected’ During the ‘Special Forces’ Season Premiere

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    Cardi B Adds More Dates to Little Miss Drama Tour: ‘Y’all Making Me Work’ – Yahoo

    Cardi B Extends Little Miss Drama Tour: “Y’all Making Me Work

    ‘Today’: Sheinelle Jones Thanks Katie Couric for Support After Husband’s Death – CBS 19 News

    Sheinelle Jones Expresses Heartfelt Thanks to Katie Couric for Support After Husband’s Passing

    Sate your hunger at DBA’s Taste of Downtown – Bakersfield.com

    Indulge Your Cravings at DBA’s Taste of Downtown!

    Caesars Entertainment (CZR): Assessing Valuation After Times Square Casino Setback and Mounting Investor Concerns – simplywall.st

    Caesars Entertainment Faces Times Square Casino Hurdles as Investor Concerns Mount

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Why I gave the world wide web away for free | Tim Berners-Lee – The Guardian

    Why I Chose to Give the World Wide Web Away for Free | Tim Berners-Lee

    From shale to steam: Fossil fuel technology boosts clean geothermal energy – Washington Examiner

    From Shale to Steam: How Fossil Fuel Technology is Powering a Clean Geothermal Energy Revolution

    How Sustainable Technology is Shaping a Greener Future – Technology Magazine

    How Sustainable Technology is Driving the Revolution Toward a Greener Future

    Aurora police hope to add facial recognition technology to crime-fighting tools – CBS News

    Aurora Police Aim to Boost Crime-Fighting with New Facial Recognition Technology

    Autonomous Solutions shows off cutting-edge technology for the public – Cache Valley Daily

    Autonomous Solutions Unveils Cutting-Edge Technology for the Public

    Amazon to Pay $2.5 Billion in Prime Membership Settlement – The New York Times

    Amazon to Pay $2.5 Billion in Prime Membership Settlement – The New York Times

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Jussie Smollett Claims He Was ‘Disrespected’ on the ‘Special Forces’ Season Premiere – Yahoo

    Jussie Smollett Opens Up About Feeling ‘Disrespected’ During the ‘Special Forces’ Season Premiere

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    Cardi B Adds More Dates to Little Miss Drama Tour: ‘Y’all Making Me Work’ – Yahoo

    Cardi B Extends Little Miss Drama Tour: “Y’all Making Me Work

    ‘Today’: Sheinelle Jones Thanks Katie Couric for Support After Husband’s Death – CBS 19 News

    Sheinelle Jones Expresses Heartfelt Thanks to Katie Couric for Support After Husband’s Passing

    Sate your hunger at DBA’s Taste of Downtown – Bakersfield.com

    Indulge Your Cravings at DBA’s Taste of Downtown!

    Caesars Entertainment (CZR): Assessing Valuation After Times Square Casino Setback and Mounting Investor Concerns – simplywall.st

    Caesars Entertainment Faces Times Square Casino Hurdles as Investor Concerns Mount

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Why I gave the world wide web away for free | Tim Berners-Lee – The Guardian

    Why I Chose to Give the World Wide Web Away for Free | Tim Berners-Lee

    From shale to steam: Fossil fuel technology boosts clean geothermal energy – Washington Examiner

    From Shale to Steam: How Fossil Fuel Technology is Powering a Clean Geothermal Energy Revolution

    How Sustainable Technology is Shaping a Greener Future – Technology Magazine

    How Sustainable Technology is Driving the Revolution Toward a Greener Future

    Aurora police hope to add facial recognition technology to crime-fighting tools – CBS News

    Aurora Police Aim to Boost Crime-Fighting with New Facial Recognition Technology

    Autonomous Solutions shows off cutting-edge technology for the public – Cache Valley Daily

    Autonomous Solutions Unveils Cutting-Edge Technology for the Public

    Amazon to Pay $2.5 Billion in Prime Membership Settlement – The New York Times

    Amazon to Pay $2.5 Billion in Prime Membership Settlement – The New York Times

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Orbit Bridge Hack Increases Losses in December Crypto Theft to $100 Million

January 3, 2024
in Technology
Orbit Bridge Hack Increases Losses in December Crypto Theft to $100 Million
Share on FacebookShare on Twitter

Orbit’s cross-chain bridge, Orbit Bridge, which launched in South Korea in 2018, suffered a devastating hack exploitation on New Year’s Eve. This attack saw the exploiters carting away almost $82 million in crypto assets. 

Looks like orbit bridge is getting drained right now, different fresh wallets for wbtc usdt usdc and dai, test tx’s showup on orbit bridge scanner but bigger ones doesnt. Wallets bellow pic.twitter.com/zlUbT0HrO2

— Kgjr (clueless333) (@KGJRTG) December 31, 2023

The December 31 hack attack added to the number of crypto thefts in 2023, bringing the amount lost in December to nearly $100 million. 

PeckShield Exposes Losses Suffered in December 2023

As revealed by blockchain security company PeckShield on January 1, Orbit Chain lost $81.5 million to the bridge hack. According to the on-chain sleuth, this attack adds to the growing list of December 2023 hack events, moving the month to the fifth-highest month for negative crypto events. 

Also, the exploitation marks the ninth-highest hack for cross-chain bridges in the last three years. PeckShieldAlert says December 2023 saw 36 hacks, with approximately $99.3 million lost.

Sadly, Orbit Bridge got the lion’s share ($81.5 million) from this theft.

On January 1, Orbit confirmed the hack, citing an unauthorized access which happened on December 31, at 8:52 pm UTC precisely. The Orbit Chain team said they are on top of the matter, exploring ways to resolve the issue and recover user funds.

The group asked major global crypto exchanges to freeze the stolen assets as damage control. 

According to the January 1 X post, Orbit is collaborating with global security experts such as Theori to solve problems and track funds in real-time.

Meanwhile, law enforcement agents are working constantly to track the stolen assets and freeze them. Furthermore, Orbit Chain stated that they are still attempting to establish communication with the attackers and have delivered a second message to them. 

Hack Exploitation: A Major Concern in Crypto Landscape

#CertiKStatsAlert 🚨

We have updated our EOM December stats to reflect the Orbit Chain incident.

December saw a total of $116.5M lost

See more details below pic.twitter.com/I2XS4RtdvL

— CertiK Alert (@CertiKAlert) January 1, 2024

Blockchain security firms Certik, PeckShield, and Beosin report that the total losses recorded from scams and breaches in 2023 ranged between $1.51 billion and $2 billion.

 September and November 2023 recorded the most devastating losses last year, with over $700 million lost in these two months.

Some major losses recorded include the Poloniex crypto exchange breach, which caused $131.4 million to be lost in November. Despite the losses, blockchain security firm Beosin noted that the rate of negative events reduced compared to 2022.

Remarkably, the total losses reduced from $4.38 billion recorded in 2022.

Also, Beosin reports that 68% of the 191 attacks recorded targeted DeFi projects. These events led to losses of up to $408 million. Diverse types of attacks were recorded in 2023 due to technological advancements.

These attacks include database compromise, supply chain attacks, and DNS attacks, among others.

Blockchain diversity increased in 2023 due to private key compromises on various centralized exchanges. Also, the BNB chain was the most exploited in 2023. Despite the best recovery efforts, 51.8% of the total stolen funds, approximately $723 million, remained in the possession of hackers.

While 267 rug pull events occurred in 2023, the rate still dropped by 8.7% compared to statistics from 2022. This attack saw the exploiters carting away almost $82 million in crypto assets. 

The December 31 hack attack added to the number of crypto thefts in 2023, bringing the amount lost in December to nearly $100 million. 

PeckShield Exposes Losses Suffered in December 2023

As revealed by blockchain security company PeckShield on January 1, Orbit Chain lost $81.5 million to the bridge hack. According to the on-chain sleuth, this attack adds to the growing list of December 2023 hack events, moving the month to the fifth-highest month for negative crypto events. 

Also, the exploitation marks the ninth-highest hack for cross-chain bridges in the last three years. PeckShieldAlert says December 2023 saw 36 hacks, with approximately $99.3 million lost.

Sadly, Orbit Bridge got the lion’s share ($81.5 million) from this theft. On January 1, Orbit confirmed the hack, citing an unauthorized access which happened on December 31, at 8:52 pm UTC precisely. 

The Orbit Chain team said they are on top of the matter, exploring ways to resolve the issue and recover user funds. The group asked major global crypto exchanges to freeze the stolen assets as damage control.

 According to the January 1 X post, Orbit is collaborating with global security experts such as Theori to solve problems and track funds in real-time.

Meanwhile, law enforcement agents are working constantly to track the stolen assets and freeze them. Furthermore, Orbit Chain stated that they are still attempting to establish communication with the attackers and have delivered a second message to them. 

Hack Exploitation: A Major Concern in Crypto Landscape

Blockchain security firms Certik, PeckShield, and Beosin report that the total losses recorded from scams and breaches in 2023 ranged between $1.51 billion and $2 billion. 

September and November 2023 recorded the most devastating losses last year, with over $700 million lost in these two months.

Some major losses recorded include the Poloniex crypto exchange breach, which caused $131.4 million to be lost in November. Despite the losses, blockchain security firm Beosin noted that the rate of negative events reduced compared to 2022.

Remarkably, the total losses reduced from $4.38 billion recorded in 2022.

Also, Beosin reports that 68% of the 191 attacks recorded targeted DeFi projects. These events led to losses of up to $408 million. Diverse types of attacks were recorded in 2023 due to technological advancements.

These attacks include database compromise, supply chain attacks, and DNS attacks, among others.

Blockchain diversity increased in 2023 due to private key compromises on various centralized exchanges.

Also, the BNB chain was the most exploited in 2023. Despite the best recovery efforts, 51.8% of the total stolen funds, approximately $723 million, remained in the possession of hackers. While 267 rug pull events occurred in 2023, the rate still dropped by 8.7% compared to statistics from 2022.     

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TechReport – https://techreport.com/crypto-news/orbit-bridge-hack-increases-losses-in-december-crypto-theft-to-100-million/

Tags: BridgeOrbittechnology
Previous Post

The Impact of AI on the Legal Field: A Mixed Blessing

Next Post

Bitcoin Hits the $45,000 Milestone, the Highest Price Since April 2022

Why I gave the world wide web away for free | Tim Berners-Lee – The Guardian

Why I Chose to Give the World Wide Web Away for Free | Tim Berners-Lee

September 28, 2025
While chasing DK Metcalf, Isaiah Rodgers reached unprecedented speed – Yahoo Sports

Isaiah Rodgers Hits Unbelievable Top Speed While Chasing Down DK Metcalf

September 28, 2025
Poland bounce back with first ever World Championship bronze – Volleyball World

Poland Triumphs with Historic First-Ever World Championship Bronze in Volleyball

September 28, 2025

Russian Economy Struggles Under Growing Strain of Ukraine Conflict

September 28, 2025
Jussie Smollett Claims He Was ‘Disrespected’ on the ‘Special Forces’ Season Premiere – Yahoo

Jussie Smollett Opens Up About Feeling ‘Disrespected’ During the ‘Special Forces’ Season Premiere

September 28, 2025
Tom Holland shares health update after suffering concussion on ‘Spider-Man: Brand New Day’ set – New York Post

Tom Holland Opens Up About His Recovery After Concussion on ‘Spider-Man: Brand New Day’ Set

September 28, 2025
Politics are destroying our public schools. It doesn’t have to be that way | Opinion – Pensacola News Journal

How Politics Are Undermining Our Public Schools-and What We Can Do About It

September 28, 2025
Featured in Functional Ecology – besjournals

Discover the Latest Breakthroughs in Functional Ecology

September 28, 2025
Scientists Identify Simple and Effective Way To Reduce Calorie Intake Without Trying – SciTechDaily

Scientists Identify Simple and Effective Way To Reduce Calorie Intake Without Trying – SciTechDaily

September 28, 2025
Million-year-old skull rewrites human evolution, say scientists – BBC

Ancient Skull Discovery Upends Our Understanding of Human Evolution

September 28, 2025

Categories

Archives

September 2025
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930  
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (841)
  • Economy (862)
  • Entertainment (21,736)
  • General (17,294)
  • Health (9,905)
  • Lifestyle (874)
  • News (22,149)
  • People (863)
  • Politics (872)
  • Science (16,071)
  • Sports (21,362)
  • Technology (15,845)
  • World (844)

Recent News

Why I gave the world wide web away for free | Tim Berners-Lee – The Guardian

Why I Chose to Give the World Wide Web Away for Free | Tim Berners-Lee

September 28, 2025
While chasing DK Metcalf, Isaiah Rodgers reached unprecedented speed – Yahoo Sports

Isaiah Rodgers Hits Unbelievable Top Speed While Chasing Down DK Metcalf

September 28, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version