Tag: MultiChain
‘Multichain was a big blow’, says Andre Cronje as Fantom TVL slumps
Fantom's co-founder Andre Cronje classified Multichain's debacle as a "big blow" to the smart contract platform, which saw a sharp decline in activity [...]
Crypto lender Geist Finance shuts down permanently over Multichain hack
Lending protocol Geist Finance is shutting down permanently due to losses from the Multichain exploit, according to a July 14 social media post from t [...]
Multichain stops operations over lack of funds
Cross-chain router protocol Multichain has announced that it is "forced to cease operations" because of the lack of operational funds. The announcemen [...]
Crypto Bridging Protocol Multichain Ceases Operations
Zhaojun was "taken away" by Chinese police on May 21 with his computers, phones, hardware wallets and mnemonic phrases all confiscated, Multichain sai [...]
Multichain Executor has been ‘draining’ AnySwap tokens: Report
A person is using the Multichain Executor to “drain” tokens associated with the AnySwap bridging protocol, according to a July 10 report from on-chain [...]
Connext founder proposes ‘Sovereign Bridged Token’ standard after Multichain incident
An Ethereum Improvement Proposal (EIP) made on July 7 seeks to standardize how tokens are bridged between networks. The “Sovereign Bridged Token” stan [...]
Multichain attack triggers Twitter phishing scheme for FTM distribution
Hackers continue their relentless activities, displaying no signs of slowing down. Shortly after the Multichain hack, these malicious individuals once [...]
Circle, Tether freezes over $65M in assets transferred from Multichain
Stablecoin issuers Circle and Tether have frozen over $65 million in assets tied to the suspected exploit of cross-chain router protocol Multichain. T [...]
Multichain Team Confirms Exploit Across Fantom, Moonriver and Dogechain Bridges
Fantom (FTM) dropped 9.9% even as developers addressed concerns among community members. “For the avoidance of doubt, FTM was never issued or managed [...]
Multichain MPC bridge sees $100M+ outflows, sparking fears of exploit
Abnormally large outflows from the Multichain MPC bridge platform on July 6 have sparked fears that an exploit could be underway. Over $102 million wo [...]
Multichain Bridges Experience Unannounced Outflows of Over $130M in Crypto
With information hard to come by, some crypto projects began informing their communities Thursday that they were unaffected by the "potential exploit" [...]
What is the ZK industry up to? Rollups, multichain bridges and VCs
Zero-knowledge proofs (ZK-proofs) are a key technology explored by many in the crypto industry. A zero-knowledge protocol is a cryptographic method th [...]
‘Storage Proofs’ Touted as Alternative to Hack-Prone Bridges in Multichain World
Storage proofs, a feature that could minimize cross-chain exploits by allowing users to keep their assets on one chain and prove that it's there on a [...]
As Multichain (MULTI) Wobbles, Some Fantom (FTM)-Based DeFi Projects Flee Bridged Tokens
On Wednesday, the decentralized exchange (DEX) Beethoven X sent $300,000 in treasury stablecoins from Fantom to Ethereum; protocol builder Byte Masons [...]
Gate.io denies liquidity problems after Multichain CEO goes missing
Centralized crypto exchange Gate.io denied rumors of illiquidity on May 31, stating that “there are no issues with our operations or withdrawals as ru [...]