According to Chainalysis, a blockchain security and analytics company, the exploit of the cross-chain bridge technology Multichain that cost millions of dollars may have been an internal rug pull. The firm stated: “On July 6, 2023, cross-chain bridge protocol Multichain experienced unusually large, unauthorized withdrawals in what appears to be
According to on-chain analyst Lookonchain, Fake_Phishing183873 got 5,434 ETH after swapping 10.2M $USDT received from Multichain through anyUSDT Token address. Additionally, yesterday Fake_Phishing183873 got 67.76 $WBTC ($2.05M) from Multichain to the anyWBTC Token address. Fake_Phishing183873 received 10.2M $USDT from #Multichain: anyUSDT Token address 7 hrs ago and swapped 10.2M $USDT
It seems that a multi-million dollar exploit was perpetrated on the Multichain bridge on Thursday, July 6. A statement from the Multichain protocol said that they will be temporarily pausing their operations. According to estimates, multi-chain assets on the cross-chain protocol Multichain worth a total of over $125 million outflowed
Polygon 2.0, a groundbreaking initiative aiming to establish the Value Layer of the Internet and expand Ethereum (ETH) to the Internet scale, presents a concrete vision for the future. In the pursuit of increasing blockspace, two distinct approaches have emerged: Megachains and multichain environments. Megachains, such as Polygon PoS, opt
On-chain specialists verified on June 5 that Multichain protocol transactions were taking place, signaling the return of certain cross-chain bridges. Vice President and admin Tung Dinh of Multichain has verified that router2 has returned to service. The price of Multichain’s native token, MULTI, soared by 40% in a matter of
The Multichain protocol, formerly Anyswap, is experiencing operational disruptions due to unexpected circumstances. This was announced through an official statement by the MultichainOrg, emphasizing the challenges currently being faced by the team. In the past two days, the Multichain protocol has experienced multiple issues due to unforeseeable circumstances. The team
The well-known cryptocurrency BabyDoge is getting ready to introduce its eagerly anticipated multi-chain token locker. However, this is an important advancement meant to increase accessibility and convenience for users. The future token locker will enable users to safely lock their tokens and support a number of blockchain networks, including Binance
Realio Network is pursuing a multichain approach for its decentralized future, hoping to provide users with easy access and seamless interoperability across different chains. This approach offers numerous advantages, such as improved scalability, security, redundancy, and resilience. We're creating a multichain ecosystem because we envision a decentralized future inclusive of
The Multichain (MULTI) token witnessed a massive increase in trading price for the last few days. MULTI’s trading price surged by 14.52% in the past 24 hours, while the global crypto market is down by 0.59%. MultiChain (MULTI) is a decentralized platform that enables the creation of custom blockchain networks.
A total of 4,861 of the 7,962 impacted users have cancelled their permissions. The group has unveiled a strategy to make up for the users’ financial losses. Multichain, a cross-chain router protocol, stated that it had recovered over half of the total stolen cash, which totaled roughly $2.6 million. In
