![]() ![]() Regardless, we offer our assistance in helping with the situation. We have swapped all assets out and closed deposits a while back. Looks like another hack happened on Multichain. Binance Extends Assistance but Ceases Support for Multichain Tokens In response, Multichain urged all users to refrain from using its services as an investigation into the incident unfolds. Overall, more than $109 million were transferred from Multichain’s MPC address, which housed the platform’s lockup assets. An estimated $58 million in USD Coin (USDC), $13.6 million in wrapped Ether (WETH), and $31 million in wrapped bitcoins (WBTC) were moved from the Fantom bridge’s Ethereum contract.Īdditionally, approximately $5.9 million and $666,000 were withdrawn from the Multichain Moonriver and Dogechain bridge contracts on Ethereum, respectively, leaving minimal remaining assets on each bridge. To address the situation, the Multichain team urged users to revoke all approvals related to its contracts.īlockchain security firm PeckShield shared on-chain data through a tweet, revealing multiple transactions on the Multichain Fantom bridge. This sparked rumors of a potential multimillion-dollar exploit. On July 6, Multichain experienced unusual outflows from its bridge contracts, with funds being transferred to an unknown address. CZ took to Twitter to confirm that all asset swaps had been finalized and deposits closed well before the incident took place. In a reassuring message to its users, Binance CEO Changpeng Zhao (CZ) stated that the recent hack on Multichain, a cross-chain router protocol, did not affect the assets or platform of the leading crypto exchange. Multichain experiences a major exploit, resulting in the transfer of millions of dollars and prompting investigations and precautionary measures.Binance CEO assures users that their assets are secure despite the Multichain hack, while ending support for Multichain-bridged tokens.Bitcoin Halving Countdown – Next Bitcoin Halving Dates. ![]()
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