News - South Korean Authorities Investigate Orbit Bridge Hack of $82 Million

By Luc Vesters

South Korean Authorities Investigate Orbit Bridge Hack of $82 Million

Scams, crime and fraud

A Large-scale hack of nearly $82 million at Orbit Bridge, a crucial link within the Claytont ecosystem, is currently under investigation by South Korean authorities. This attack occurred just hours before the turn of 2023-2024 and has raised suspicions that the Lazarus Group, a hacker group from North Korea, could be involved.

It is notable that the South Korean National Intelligence Service (NIS) is involved in this investigation, which shows that the government is extremely concerned and interested in an incident involving virtual assets and blockchain technology. According to the legal requirement to report information and communication networks, OZYS, the company behind Orbit Bridge, immediately reported the incident to both the Korea Internet & Security Agency (KISA) and the National Police.

The case is currently being investigated by the NIS to identify the causes and those responsible. While no concrete link to North Korea has yet been confirmed, it is being seriously considered as a possible involvement. The impact of this hack extends beyond just Claytont's decentralized financial (DeFi) sector and affects the entire crypto ecosystem.

OZYS has worked closely with research partners and enlisted the expertise of internationally recognized blockchain analytics firms, such as UPsala Security and the TON Foundation. These concerned parties look forward to Claytont's support in resolving the current crisis and providing assistance to those affected.

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