1 / 2 Relevant items tagged with #Multichain

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OKX Wallet expands Blinks to EVM-compatible chains

[Aug 15 1:00 PM] OKX Wallet now supports blockchain links (Blinks) across all EVM-compatible chains, enhancing multichain transactions without switching platforms.

Binance to Convert Delisted Crypto to USDC — Advises Users to Withdraw Affected Tokens Before Deadline

[Aug 14 3:30 AM] Crypto exchange Binance has announced the conversion of several delisted tokens into stablecoin USDC. Users are advised to withdraw affected crypto tokens by Sept. 1, as they will no longer be accessible afterward. After this date, withdrawals of…

Fantom Launches Recovery Plan For Funds Lost In Multichain’s $200M Exploit, FTM Soars

[Mar 5 4:30 PM] The Fantom (FTM) Foundation has taken decisive steps to recover assets lost in the Multichain exploit that devastated various chains, including its own, resulting in a staggering $210 million loss. After failed attempts to engage with the…

Fantom Seeks Money Back From Multichain’s $200M Exploit

[Mar 5 4:20 AM] The move aims to enable victims to “partially recover” assets lost in one of the biggest exploits of 2023.

Breaking: Some Multichain transactions are confirmed as queue unwinds

[Nov 1, 2023 3:39 PM] Prior to November 1, the last transactions has taken place more than 117 days ago, according to Multichain's explorer tool.

THORSwap goes into 'maintenance mode' to counter illicit funds movement

[Oct 6, 2023 2:39 AM] THORSwap acknowledged the ongoing illicit use of the DEX and are acting to find a permanent block to the misuse.

Crypto suffered 153% YoY increase in hacks and scams in Q3: Immunefi

[Oct 3, 2023 1:00 PM] The number of attack incidents increased to 76 in Q3 2023, compared to just 30 in the same quarter last year.

PEPE price to zero? Pepecoin rug-pull allegations put memecoin at risk

[Aug 29, 2023 7:08 AM] Some Pepecoin hopefuls eye a massive PEPE price rebound with on-chain data showing strong accumulation in recent days.

Multichain victims search for answers in $1.5B exploit as new evidence emerges

[Aug 23, 2023 9:00 AM] Chinese police may have busted Multichain in a money laundering investigation, but many questions remain, including its CEO’s alleged fake ID.

Coinbase Acquires Equity Stake in Circle; Companies Reshape USDC’s Future

[Aug 22, 2023 3:00 AM] In a joint statement, Jeremy Allaire, CEO of Circle, and Brian Armstrong, CEO of Coinbase, announced the dissolution of the Centre Consortium. Consequently, Circle will take exclusive charge of the issuance and governance of USDC. Additionally…

USDC issuer Circle launches MPC wallet beta for Ethereum, Polygon, Avalanche

[Aug 8, 2023 10:30 AM] The stablecoin issuer launched a service and API that allows developers to create customized wallets for their users.

'Suspicious' Multichain Wallet Dumps $1.8M of WOO Network Tokens; Price Drops 8%

[Aug 4, 2023 7:36 AM] An Ethereum wallet funded by a beneficiary of the Multichain exploit has sold $1.8 million worth of WOO Network (WOO) tokens on Uniswap, causing the price to slump by 8%.

Crypto Hacks and Exploits Cost Traders $303M in July; Worst Month of 2023

[Jul 31, 2023 7:44 AM] Some $52 million of assets were siphoned from Curve Finance just this weekend.

Hector Network Votes to Liquidate $16M Treasury Following Multichain, Fantom Losses

[Jul 17, 2023 10:02 AM] Hector Network's HEC and TOR tokens, and its treasury, suffered major losses related to Multichain. The project is based on Fantom.

Crypto lender Geist Finance shuts down permanently over Multichain hack

[Jul 14, 2023 12:10 PM] The $29 million TVL lending platform is shutting down because its oracles are misreporting Multichain token values after the exploit.

The Fall of Multichain: A Tale of Unexpected Turbulence and Security Breaches

[Jul 14, 2023 8:30 AM] In an unforeseen chain of events that unfolded between May and July 2023, the CEO of Multichain, Zhaojun, was apprehended by Chinese authorities, destabilizing the blockchain project. The situation escalated when user assets began to be transferred…

Multichain stops operations over lack of funds

[Jul 14, 2023 3:56 AM] The Multichain team said that the team’s funds and access to servers are currently with their CEO Zhaojun who is under Chinese police custody.

Crypto Bridging Protocol Multichain Ceases Operations After CEO, Sister Detained in China

[Jul 14, 2023 3:22 AM] Multichain said it has been forced to take the action "due to lack of alternative sources of information and corresponding operational funds."

Insider Job? Chainalysis Report Suggests Multichain Attacker Had Inside Connections

[Jul 11, 2023 6:00 PM] On July 6, 2023, the Multichain Protocol was hit by a massive hack, resulting in the loss of over $125 million worth of cryptocurrency. The attack targeted the protocol’s Fantom bridge, resulting in the theft of valuable crypto assets like…

Multichain Executor has been ‘draining’ AnySwap tokens: Report

[Jul 11, 2023 2:00 PM] The contract has used an “anySwapFeeTo” function to transfer hundreds of thousands of dollars worth of tokens to itself, which on-chain sleuth Spreek suspected may have been malicious.

Multichain's ‘mysterious withdrawals’ have whiffs of a ‘rug pull’ — Chainalysis

[Jul 10, 2023 11:08 PM] Chainalysis told Cointelegraph that they were “describing it as a possible rug pull,” based on an analysis of Multichain’s spurious transactions and internal problems.

Connext founder proposes 'Sovereign Bridged Token' standard after Multichain incident

[Jul 10, 2023 1:50 PM] EIP-7281 will allow token issuers to list official bridges and limit the rate at which they can mint tokens, potentially limiting losses from bridge hacks.

Circle Intervenes, Freezes $63 Million From Multichain Hack

[Jul 7, 2023 8:00 PM] Circle, the official issuer of USDC, the second largest stablecoin by circulating supply, has frozen $63 million from the Multichain hack. Compiled Etherscan data on July 7 shows that the stablecoin issuer froze $27.65 million, $30.1 million, and…

Multichain Woes: Users Informed of an ‘Abnormal’ Transfer of Assets to Unknown Address

[Jul 7, 2023 7:30 AM] Users of the cross-chain protocol Multichain were on July 6 informed of an abnormal transfer of lockup assets on the Multichain MPC address to an unknown address. While the Multichain team has urged users to stop using the cross-chain protocol…

Fantom (FTM) Sheds 10% Following Multichain Bridge “Withdrawals”

[Jul 7, 2023 5:30 AM] Fantom (FTM) price has been experiencing a dip in the past few days. This fall appears to have worsened in the last 24 hours due to FUD (fear, uncertainty, and doubt) spreading amongst investors. CoinGecko data shows that the FTM token has lost…

Exploit of Fantom, Moonriver and Dogechain Crypto Bridges Confirmed by Multichain Team

[Jul 7, 2023 3:33 AM] “It is recommended that all users suspend the use of Multichain services and revoke all contract approvals related to Multichain,” developers said early Friday.

Multichain MPC bridge sees $100M+ outflows, sparking fears of exploit

[Jul 6, 2023 5:26 PM] Some Multichain contracts on Ethereum suffered withdrawals of more than half of their deposits, causing on-chain sleuths to fear an exploit is underway.

Multichain Bridges Experience Unannounced Outflows of Over $130M in Crypto

[Jul 6, 2023 2:35 PM] Multichain's bridges for Fantom, Dogechain and Moonriver are seeing major unexplained outflows.

Mysterious Disappearance of Multichain CEO Sends Shockwaves Through Crypto Community

[Jun 3, 2023 9:30 AM] Four days ago, on May 31, 2023, the cross-chain protocol Multichain announced on Twitter that the team has been unable to locate the firm’s CEO. As a result, controls to several blockchain network routers have been impaired. The…

As Multichain Wobbles, Some Fantom-Based DeFi Projects Flee Bridged Tokens

[Jun 1, 2023 9:55 AM] The actions showcase how Multichain’s faltering infrastructure and AWOL CEO are sending shockwaves through Fantom, the blockchain most heavily dependent on Multichain’s bridges.