Smart contracts on Multichain are executed using a multiparty computation mechanism.
Chainalysis speculated that the attacker may have compromised Multichain’s MPC keys.
According to Chainalysis, a blockchain security and analytics company, the exploit of the cross-chain bridge technology Multichain that cost millions of dollars may have been an internal rug pull.
The firm stated:
“On July 6, 2023, cross-chain bridge protocol Multichain experienced unusually large, unauthorized withdrawals in what appears to be a hack or rug pull by insiders.”
Over $125 million has been lost as a direct consequence of the exploit. However, according to Chainalysis, the attack might have been the consequence of stolen administrator keys, suggesting it was an “inside job.”
Internal Issues
Smart contracts on Multichain are executed using a multiparty computation (MPC) mechanism, which the company likened to a multisignature wallet.
Chainalysis speculated that the attacker may have compromised Mu
We współpracy z: https://thenewscrypto.com/recent-multichain-exploit-linked-to-internal-rug-pull-by-chainalysis/
