Tag: FTM

Fantom (FTM) creator Andre Cronje says that the recent exploit of cross-chain bridge Multichain was a massive setback for the Ethereum (ETH) rival. Writing in the community’s forum, Cronje says…

The cross-chain protocol Multichain experienced a major setback that has significantly disrupted decentralized finance (DeFi) activities on Fantom. Since the onset of Multichain’s issue in May, Fantom Foundation has been…

Fantom Foundation is acting in a proactive manner following the latest update from the embattled Multichain protocol. According to Fantom Foundation, it has requested the top stablecoin issuers, including Circle…

Fantom’s TVL dropped from over $364 million in early May to about $70 million on July 14. At its peak in 2022, Fantom’s TVL topped $7.5 billion.

Andre Cronje, the co-founder of Fantom, painted a grim picture of the state of the smart contract platform, following the controversial demise of Multichain. He labelled Multichain’s downfall as a…

Fantom has verified that approximately over $60M USDC and over $2M USDT have been frozen and are in the process of identifying other affected assets.

The ongoing disruption of the Multichain protocol through hacks and forces majeure is pushing the Fantom Foundation to explore alternative chains to power its operations. Taking to its official Twitter…

A phishing link was included in the tweet and shared with the affected users of the hack, leading them to believe it is associated with Fantom Foundation.

Online environments, like Twitter, are increasingly becoming a dangerous landscape, fraught with fraudulent schemes aimed at unsuspecting victims. In recent times, Twitter has transformed into the epicenter of deceitful activities,…