Ozys's Orbit Bridge hacked, about 100 billion won in crypto assets stolen
Ozys's Orbit Bridge was hacked at the start of 2024, and about 100 billion won worth of crypto assets were stolen. Ozys found that its former chief information security officer had arbitrarily changed firewall policies and requested an investigation into possible insider involvement, but whether that person committed the crime has not been determined. The company announced a plan to recover user losses, which was followed by the termination of trading support for Orbit Chain and a court ruling recognising its liability for damages from the hack.
Key facts
- Affected organisation
- Ozys
- Incident type
- Hacking & intrusion
- Occurred / detected
- Not confirmed
- Scale of damage
- About 100 billion won in crypto assets
- Cause / method
- Hack of Orbit Bridge
- Location
- South Korea
If your data was exposed
Exposed dataCrypto assets
- Check login and withdrawal history in your exchange app, and turn on withdrawal address whitelisting and withdrawal delays.
- If you’ve suffered harm, report it. Call 118 (no area code) for privacy violations, contact the police for financial losses, and apply for dispute mediation to seek compensation.Personal Information Infringement Report Centre ↗Korean National Police Agency cybercrime report ↗Personal Information Dispute Mediation Committee ↗
Timeline
- The hacking of Orbit Bridge and the theft of about 100 billion won worth of crypto assets came to light.
- Ozys revealed that its former chief information security officer had arbitrarily changed firewall policies and requested an investigation into possible insider involvement.
- Ozys announced a recovery plan for the Orbit Bridge hack that prioritises restoring users' losses.
- Bithumb and Coinone decided to end trading support for Orbit Chain because the security-related grounds for its caution designation had not been resolved.
- A court recognised Ozys's liability for damages from the Orbit Bridge hack.
7 related reports
The summary and key facts are written by AI from related reports and may contain errors. Check the original articles and the organisation’s official statements for accurate details.