$80 million lost in first hack of 2024

Orbit Chain Faces $80 Million Loss in First 2024 Hack

Orbit Chain's recent hack resulted in an $80 million loss due to a compromised private key. This incident underscores the broader issue of private key vulnerabilities in the blockchain space. The article explores the breakdown of stolen funds, efforts to freeze assets, and the historical context of security breaches linked to Ozys projects.

What happened to the Orbit Chain incident in which $80 million was stolen?

In this incident, the attacker directly called the withdraw function of the Orbit Chain: Bridge contract to transfer assets.

Alleged "Pig Butchering" Scam Artists Charged in $80 Million Scheme

Charged in an $80 million "pig butchering" scam, four individuals used cold calls to deceive victims into cryptocurrency investments.

DOJ Tackles $80 Million Crypto Scam and Money Laundering

The U.S. DOJ charges four individuals for laundering over $80 million from crypto scams, involving a sophisticated 'pig butchering' scheme.

Jito Labs Discloses 100 Million JTO Airdrop Details with 80% Reserved for JitoSOL Users

Jito Labs allocates 100 million JTO in an airdrop, with 80% designated for JitoSOL users holding at least 100 points. Validators receive 15%, and MEV searchers get 5%. Core contributors are excluded from the airdrop.

Taiwan Clinic Owners Accused of NT$80 Million Electricity Theft in Crypto Mining Venture

A couple operating aesthetic medicine clinics in Taichung City, Taiwan, faces legal repercussions due to their involvement in cryptocurrency mining ventures. Zheng and Su sought to bolster their income by investing in virtual currency mining since 2021. Collaborating with Huang, who established eight mining sites in Taichung, the couple engaged in mining operations. However, suspicions arose as Huang is accused of stealing electricity, resulting in losses of approximately NT$80 million for Taiwan Power Company. The situation escalated when two mining sites experienced electrical fires, posing risks to adjacent tutorial centres and a hot pot restaurant.

Blockchain Industry Workforce Grows 80% This Year, Study Shows

Blockchain technology is one of the trendiest developments in business, finance, and numerous other industries. Following the surge in popularity ...

Do Kwon's alleged $80 million withdrawals before Terra fallout triggers mixed reactions

Analyst Michaël van de Poppe said that the Terra founder deserves jail, comparing Kwon to fraudster Bernie Madoff who was jailed after running a Ponzi scheme.

Top 3 Metaverse Crypto Coins Below $80 Million Market Cap (May 2022)

Qubit Finance loses $80 million after being hacked

The address associated with the hack has managed to steal 206,809 BNB from Qubit’s QBridge protocol.