Orbit Chain, a cross-chain bridge, has experienced an unauthorized breach compromising millions.

The breach happened on Dec. 31, and is under investigation by cybersecurity firm Theori.

Orbit Chain is cooperating with international law enforcement agencies.

Arkham Intelligence reports a loss of $81.68 million in various cryptocurrencies due to the breach.

Orbit Chain warns users of fraudulent reimbursement offers on social media.

Users have requested refunds and transaction cancellations but Orbit Chain has not publicly responded.

In 2023, $1.8 billion was lost to Web3 hackers and scammers, with Mixin Network losing over $200 million, marking the largest exploit of the year.