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Multichain Bridge Exploit: Trader’s $280K Becomes $1.9 M Windfall
2.11.2023
A wallet address has managed to transform nearly 1.9 million Fantom tokens, initially worth $280,000, into $1.9 million after the long-frozen Multichain Bridge momentarily opened. The Multichain Bridge, which had been inactive since its exploitation back in July 2023, opened and quickly closed...
Trader exploits Multichain opening to turn $280k to $1.9M; community suspects insider job
2.11.2023
The momentary opening of the frozen bridge raised suspicion of it being an insider job as the trader in question was the only beneficiary
Breaking: Some Multichain transactions are confirmed as queue unwinds
1.11.2023
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
6.10.2023
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
3.10.2023
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
29.8.2023
Some Pepecoin hopefuls eye a massive PEPE price rebound with on-chain data showing strong accumulation in recent days
Multichain $1.5B hack investigation, Shibarium eyes relaunch, Base, Optimism join hands: Finance Redefined
25.8.2023
Top-100 DeFi tokens had another mixed week, with most of the tokens trading in a similar range as last week with minor price fluctuation
Multichain wallet Exodus posts $12.4M revenue, $1.9M net income in Q2
24.8.2023
In the quarter ended June 30, Exodus' revenue declined by 4% year-over-year, but its results were boosted by 6% cost reductions
Multichain victims search for answers in $1.5B exploit as new evidence emerges
23.8.2023
Chinese police may have busted Multichain in a money laundering investigation, but many questions remain, including its CEO’s alleged fake ID
Acala’s liquidity boost: Multichain Router 1.0 unleashed!
23.8.2023
Acala Network has taken a huge step forward with the launch of its Acala Multichain Asset Router 1.0, a revolutionary and pioneering technology that will completely transform the multichain ecosystem. This new solution provides developers and users alike with an improved experience in...
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