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Another Fantom project winds down citing Multichain exposure
9.8.2023
Over $1.5 billion of users' and enterprises' assets were held on Multichain prior to the arrest of its CEO Zhaojun He
USDC issuer Circle launches MPC wallet beta for Ethereum, Polygon, Avalanche
8.8.2023
The stablecoin issuer launched a service and API that allows developers to create customized wallets for their users
'Suspicious' Multichain Wallet Dumps $1.8M WOO Network Tokens; Price Drops 8%
4.8.2023
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%
Curve emergency DAO terminates rewards for hack-related pools
2.8.2023
The Curve emergency DAO removed CRV rewards for alETH, msETH, pETH, crvCRVETH, Arbitrum Tricrypto, and multiBTC pools
Crypto Hacks and Exploits Cost Traders $303M in July; Worst Month of 2023
31.7.2023
Some $52 million of assets were siphoned from Curve Finance just this weekend
Seda co-founders discuss intersection of oracles and multichain
28.7.2023
Oracles enable value, but they are also susceptible to value manipulation; co-founders of Cosmos-based Seda discuss their benefits and how to prevent pitfalls
Multichain saga screws users, Binance fires 1,000 staff: Asia Express
18.7.2023
The Multichain saga includes secret arrests, a suspicious exploit, and one man allegedly in control of $1.5B. Plus, Binance fires staff
Hector Network Votes to Liquidate $16M Treasury Following Multichain, Fantom Losses
17.7.2023
Hector Network's HEC and TOR tokens, and its treasury, suffered major losses related to Multichain. The project is based on Fantom
'Multichain was a big blow', says Andre Cronje as Fantom TVL slumps
15.7.2023
Fantom's TVL dropped from over $364 million in early May to about $70 million on July 14. At its peak in 2022, Fantom's TVL topped $7.5 billion
Crypto lender Geist Finance shuts down permanently over Multichain hack
14.7.2023
The $29 million TVL lending platform is shutting down because its oracles are misreporting Multichain token values after the exploit
Today in Crypto: Multichain Halts Operations Due to Lack of Funds and CEO's Arrest, Indonesia to Launch National Crypto Exchange This Month, US SEC Acknowledges Bitwise's Spot BTC ETF Application
14.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Multichain Halts Operations Due to Lack of Funds and CEO's Arrest, Indonesia to Launch National Crypto...
The Fall of Multichain: A Tale of Unexpected Turbulence and Security Breaches
14.7.2023
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 to unknown addresses. From Seizure to Shutdown:...
Multichain stops operations over lack of funds
14.7.2023
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
14.7.2023
Multichain said it has been forced to take the action "due to lack of alternative sources of information and corresponding operational funds."
Multichain Executor has been 'draining' AnySwap tokens: Report
11.7.2023
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
11.7.2023
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
10.7.2023
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
Blockswap to host Multichain ERC20 side event at ETHCC
10.7.2023
Industry leaders in Ethereum are congregating at Blockswap’s MultichainERC20 event at ETHCC to discuss the most pressing topics in Ethereum. The event will introduce new protocols, further decentralizing Ethereum by empowering the user. The two main sessions are open for all to attend...
Multichain attack triggers Twitter phishing scheme for FTM distribution
9.7.2023
A phishing link was included in the tweet and shared with the affected users of the hack, leading them to believe it is associated with Fantom Foundation
Circle, Tether freezes over $65M in assets transferred from Multichain
8.7.2023
Multichain has suspended its operations after an unexplained transfer of crypto assets worth millions of dollars took place on July 6