Orbit Chain Hack

REPORTED LOSS $81.6M
High Access Control

What happened

Orbit Chain suffered a private key compromise exploit on Dec 31, 2023, resulting in a loss of 81,540,000 USD worth of various assets.

Orbit Chain, a South Korean cross-chain project, experienced a private key compromise exploit on its Orbit Bridge. The attacker drained funds from the Bridge Contract, swapping them to ETH and DAI, and distributing the stolen assets among several EOA addresses. The attacker was funded via TornadoCash, and some experts tie the incident to the Lazarus Group, a global hacking syndicate. The Orbit Chain team is working with law enforcement agencies to investigate the incident. Blockchain experts suggests that the root cause is the compromise of 7 out of 10 multisig signers wallets. The team sent an on-chain message to the exploiter, warning that some transactions were detected in 'C' exchange and calling for discussion.

Losses reached 81,540,000 USD worth assets in total, including:

- 30,000,000 USDT

- 9,530 ETH

- 10,000,000 DAI

- 10,000,000 USDC

- 230.879 WBTC

Attacker Address:

https://etherscan.io/address/0x9263e787…176aff

Funds Holders as of January 6, 2024:

https://etherscan.io/address/0x009b60aa…fffcc5

https://etherscan.io/address/0x5e22cb02…8dc085

https://etherscan.io/address/0x3a886a63…b4f730

https://etherscan.io/address/0x157a409c…3dd664

https://etherscan.io/address/0xf49de491…f179fd

https://etherscan.io/address/0x589257E0…e36B7D

https://etherscan.io/address/0x817bb176…F4C0EF

Malicious Transactions:

https://etherscan.io/tx/0xd8ca4294…b80ac8

https://etherscan.io/tx/0x64a6f486…1a3f0e

https://etherscan.io/tx/0x639d27e5…48ae0a

https://etherscan.io/tx/0xe0bada18…7271f9

https://etherscan.io/tx/0xafdc3627…1b07ca

https://etherscan.io/tx/0x958aeec5…d95f16

TornadoCash Funding Transaction:

https://etherscan.io/tx/0x5e35f4b1…bd09dd

Case & protocol details

Classification Bridge
Protocol Type Exploit/Access control
Official Website orbitchain.io/
Protocol Twitter/X @Orbit_Chain

Evidence & learning

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