Multichain protocol said that they will be temporarily pausing their operations.
The protocol is still struggling with technical troubles and the absence of its CEO.
It seems that a multi-million dollar exploit was perpetrated on the Multichain bridge on Thursday, July 6. A statement from the Multichain protocol said that they will be temporarily pausing their operations.
According to estimates, multi-chain assets on the cross-chain protocol Multichain worth a total of over $125 million outflowed a number of wallets. With all of its assets in wBTC, USDC, USDT, and other altcoins flowing out, the Fantom Bridge seems to face the largest exploit of $122 million. Also, the Multichain Protocol quickly said they will be looking into the situation.
The Protocol stated:
“The lockup assets on the Multichain MPC address have been moved to an unknown address abnormally. The team is not sure what happened and is currently investigating. It is recommended that all users suspend the use of Multich
We współpracy z: https://thenewscrypto.com/defi-news-multichain-pauses-operations-post-122m-fantom-bridge-outflow/
