XY Finance: Klaytn-related services have been suspended due to the Orbit security incident, and other cross-chain services have not been affected.

The cross-chain aggregation platform XY Finance issued a document on the X platform stating that due to the Orbit security incident, the team has taken necessary precautions to protect users. Specifically, it suspended all Klaytn-related services as a safety measure. Officials also emphasized that all other bridging and cross-chain services have not been affected and are operating normally. The team will continue to monitor the situation and will restore services related to Klaytn until further notice. In 2021, XY Finance announced the completion of US$12 million in financing, with participation from Circle (Circle Internet Financial), Infinity Ventures Crypto, Morningstar Ventures, YGG, Animoca Brands, etc. Earlier today, it was reported that the Orbit Chain cross-chain bridge was suspected of being hacked, resulting in a loss of US$81.5 million in cryptocurrency and stablecoins. The exact nature of the hack is unclear. In response, Klaytn officially issued a statement stating that the Klaytn Foundation has not been affected by the Orbit Bridge hacker attack and is currently contacting Ozys to assess the situation and will provide the latest information as soon as possible. It is reported that Orbit Bridge is often used to transfer assets to the Klaytn network.