2023-7-7 23:35 |
Multichain's bridges for Fantom, Dogechain and Moonriver are seeing major unexplained outflows. origin »
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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