2023-7-15 12:56 |
The Multichain team said funds and access to servers are currently with their CEO, Zhaojun, who is under the custody of Chinese police.
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Geist Finance has decided not to reopen after Multichain’s confirmation that the funds will remain unrecoverable. The unavailability of accurate valuation for Multichain assets due to the Chainlink oracles tracking real USDC, USDT, WBTC, or ETH values, has further contributed…
2023-7-15 02:42 | |
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Multichain will be shutting down services as a result of the CEO “being taken away by the police” and the issues the team has faced afterwards. Multichain unable to access funds Multichain, a cross-chain protocol formerly known as Anyswap, took…
2023-7-15 16:30 | |
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Multichain protocol says its forced to cease operations due to recent events. CEO Zhaojun and his sister have reportedly been detained leaving the team with no operational funds. Multichain saw $125 million stolen on July 6, with blockchain security firm Chainalysis pointing to possible rug pull by insiders.
2023-7-14 14:01 | |
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Multichain said it has been forced to take the action "due to lack of alternative sources of information and corresponding operational funds."
2023-7-14 12:22 | |
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Malicious players exploit Multichain hack, spreading phishing links on Twitter while Circle and Tether freeze part of stolen funds. The post Multichain Hack: Malicious Players Seek Profit as Circle and Tether Freeze Stolen Funds appeared first on BeInCrypto.
2023-7-10 18:15 | |
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A scam that tricks victims into revoking fake contracts to steal funds has emerged following the recent Multichain bridge hack. The post Gas Token Scam: Exploiting Binance Smart Chain’s Refund Feature appeared first on BeInCrypto.
2023-7-10 16:15 | |
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Tether Holdings, the issuer of the USDT stablecoin, has frozen two addresses on the Ethereum network that received funds from Multichain's multi-party computation (MPC) address
2023-7-8 17:37 | |
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Cross-chain protocol Multichain (MULTI) stopped services today after confirming the abnormal movements of funds from its MPC address. Blockchain security firm Peckshield reported that Multichain was exploited for $126 million, with the attacker moving funds from its Fantom (FTM) and Moonriver (MOVR) bridge.
2023-7-7 12:37 | |
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Multichain seeing asset exodus on-chain with renewed fears of exploits
2023-7-7 11:10 | |
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Allbridge, the latest victim of cyber-attacks, has issued a statement to inform its fraternity about the ongoing developments via its official Twitter space. Per the statement, the multichain token bridge has received $465k worth of BNB tokens from the hacks’ perpetrators.
2023-4-7 17:54 | |
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On Sunday, the multichain decentralized exchange aggregator Transit Swap suffered an exploit resulting in $23 million losses. But fortunately, the project’s team managed to recover 70% of the stolen funds on the same day with the help of several blockchain security firms, which facilitated the platform immediately after the incident. The blockchain security firms which […]
2022-10-4 02:37 | |
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The multichain metaverse project, NetVRk, is at the center of an internal feud with claims that several senior leadership team members misappropriated investor funds for personal gain. The post Former NetVRk CEO claims founders used investor funds to buy real-world luxury home appeared first on CryptoSlate.
2022-8-26 15:00 | |
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According to Vitalik Buterin, most cross-chain bridges are highly vulnerable in 51% of attacks. Locking and wrapping funds onto other chains is neither trustless nor decentralized. Portal, a true cross-chain DEX based on Bitcoin (BTC/USD), believes there will be no place for wrapped tokens or third-party custody of assets in the future.
2022-2-16 18:33 | |
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SkyLaunch, a multichain IDO marketplace, has partnered with the high throughput Polygon. As per a press release on January 11, the deal aligns with the project’s ambitious plan of revolutionizing how projects raise funds while also solving associated pain points plaguing the sphere despite IDOs’ popularity.
2022-1-27 22:41 | |
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Cross-chain DeFi platform Multichain has been the latest in what is now a long line of DeFi protocols being exploited. This time around, the attackers were able to steal user funds from the platform by gaining access to accounts that haven’t revoked access to the platform.
2022-1-21 23:30 | |
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Security issues were noticed previously but, unfortunately for the protocol's users, funds were stolen
2022-1-18 13:42 | |
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Worthpad, a decentralized multichain DeFi platform, recently launched its IDO launchpad to help project owners raise funds for their project. The Worth IDO Launchpad is a decentralized accelerator and incubation platform created to connect early-stage innovators and projects with $WORTH investors.
2021-12-1 11:11 | |
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Blockchain startups require funds to develop their projects and a community of early investors who form the core of their communities. The importance of community to any crypto project can never be over-emphasized.
2021-11-2 13:13 | |
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Indian teenager Gajesh Naik made headlines earlier this year when he built Gaj Finance, a multichain decentralized finance (DeFi) protocol, which currently manages some $1. 2 million in crypto of user funds.
2021-10-20 16:20 | |
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Multichain trading platform Derived Finance raised more than $3. 3 million in a funding round, in which over 30 venture capital funds participated, including big names like Genblock Capital, AU21, Dweb3, Nabais Capital, and Poolz.
2021-10-12 16:01 | |
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The funds will be used to develop a “multichain relayer network” that provides solutions to Web 3.0 development issues.
2021-7-29 16:00 | |
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A Brief History of the Attack A multichain layer 2 protocol on Polygon, Ethereum, and Binance Smart Chain (BSC) network, EasyFi, reported a hack on April 19, resulting in the loss of millions of dollars worth of funds from the official contracts of EasyFi.
2021-5-10 12:55 | |
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A Singaporean high court has ruled that the cross-chain router protocol Multichain Foundation owes compensation to the Fantom Foundation, a layer-1 platform, for losses incurred in a 2023 hack. The ruling from Judicial Commissioner Mohamed Faizal makes way for the…
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 Multichain Foundation, the Protocol has announced that it filed a lawsuit for “breach of contract” and “fraudulent misrepresentations.
A Fantom user transferred $1 million to Binance during a two-hour window during which Multichain allowed Fantom transactions. The post Was $1 Million Multichain Transfer to Binance an Inside Job? appeared first on BeInCrypto.
Crypto.news talked to the co-founders of Dedaub, a blockchain security firm, discussing their experiences and new measures to protect funds.
Crypto projects experienced a significant increase in financial losses during Q3 2023, amounting to $685.5 million, driven largely by major exploits on key cross-chain protocols.
Former Multichain developers have launched ValueRouter, a new project focusing on simplified multi-chain asset swaps
SpiritSwap, a decentralized exchange (DEX) on Fantom, will cease operations from Sep.1, weeks after the Multichain hack