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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
Multichain Woes: Users Informed of an ‘Abnormal’ Transfer of Assets to Unknown Address
7.7.2023
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, Binance CEO Changpeng Zhao (CZ) told his followers...
Multichain Team Confirms Exploit Across Fantom, Moonriver and Dogechain Bridges
7.7.2023
“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
7.7.2023
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
6.7.2023
Multichain's bridges for Fantom, Dogechain and Moonriver are seeing major unexplained outflows
Mysterious Disappearance of Multichain CEO Sends Shockwaves Through Crypto Community
3.6.2023
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 project’s native token, MULTI, has experienced a...
As Multichain Wobbles, Some Fantom-Based DeFi Projects Flee Bridged Tokens
1.6.2023
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
Gate.io denies liquidity problems after Multichain CEO goes missing
31.5.2023
Some Twitter users posted transactions showing large inflows of MULTI and FTM to Gate.io, leading them to perceive a connection between the two organizations
Crypto Bridging Protocol Multichain ‘Unable to Contact’ CEO Zhaojun
31.5.2023
Multichain has suffered days of issues amid swirling rumors over the fate of its team
Binance, Other Crypto Players Shun Multichain as Bridging Rumors Swirl
26.5.2023
The crypto bridging service Multichain is coming under the microscope from Binance and other important outposts
Okx Introduces New Ordinals Marketplace Amid Bitcoin Inscription and BRC20 Buzz
16.5.2023
On Tuesday, the crypto firm Okx announced the launch of a new Ordinals marketplace. The platform is accessible via the Okx Wallet and will enable users to mint and trade Ordinal inscriptions and BRC20 tokens. While the Ordinals marketplace is still in its early stages, users can take advantage...
Allbridge exploiter returns most of the $573K stolen in attack
4.4.2023
An exploit resulted in around $573,000 in crypto looted from Allbridge, but the hacker has now seemingly accepted the offer of a “white hat bounty.”
‘AI Tools Will Provide Very Interesting Enhancements for the Metaverse’ — Upland Co-Founder
1.4.2023
According to Dirk Lueth, co-founder of the Upland Metaverse, the colonization of the metaverse by tech giants and the building of so-called “walled garden systems” is not sustainable. Lueth argues that instead of “locking users in,” the metaverse should usher in “a...
Value Locked in Defi Rises Above $50 Billion Mark, Ethereum Dominates TVL by Blockchain
22.3.2023
The total value locked (TVL) in decentralized finance (defi) has risen above the $50 billion mark after falling below the range throughout most of March. At present, the value locked in defi is approximately $50.34 billion, up 1.97% over the past 24 hours. Defi Value Swells Close to 2% Higher...
Open-Source Protocol Ren Token Surges 18% Amid Rising Interest in Multichain Projects
1.3.2023
In November, following the protocol's loss of funding from Alameda, Ren accelerated its shift from Ren 1.0 to a more efficient, secure version
‘Multichain future is very clear’ — Metamask to support all tokens via Snaps
7.2.2023
Metamask eyes a multichain-friendly future with the ongoing development of Snaps allowing future blockchain integrations and extensions to its browser-based service
Crypto stablecoin issuer Circle adds Apple Pay support
16.11.2022
The stablecoin issuer said Apple Pay support allows traditional businesses to experience the benefits of crypto settlement while allowing crypto businesses to engage with non-crypto-using customers
Mark Cuban-Backed Multichain Wallet Launches $3 Million Aptos Ecosystem Fund to Onboard New Users
4.11.2022
Blocto, a multichain wallet has announced the launch of a $3 million Aptos Ecosystem Fund whose objective is to help onboard new users to Aptos. Besides financially supporting projects, the Aptos fund will be used to back standout projects when they get to the “user acquisition phase.”...