Circle Blocks $63 Million $USDC Tied to Multichain Attack
Multichain, a cross-chain bridging platform, was reportedly hit by a security breach. Following the incident, Circle froze $63 million in USDC.
Tether freezes $2.5 million of USDT transferred from Multichain
Multichain’s Fantom bridge was seemingly exploited for nearly $130 million. Stablecoin issuers have frozen the funds that were moved.
Circle Intervenes, Freezes $63 Million From Multichain Hack
Circle, the official issuer of USDC, the second largest stablecoin by circulating supply, has frozen $63 million from the Multichain hack. Compiled Etherscan data on July 7 shows that the…
$63 million in USDC frozen by Circle following Multichain breach
Circle blacklisted three wallet addresses that received a significant outflow of funds from Multichain.
As Multichain Wobbles, Some Fantom-Based DeFi Projects Flee Bridged Tokens
The actions showcase how Multichain’s faltering infrastructure and AWOL CEO are sending shockwaves through Fantom, the blockchain most heavily dependent on Multichain’s bridges.
Week in DeFi: Multichain Woes, the Future of Synthetix and Penumbra’s New DEX
Bridging platform Multichain suffers downtime as TradFi rates arrive on Avalanche — find out about these and more in our weekly DeFi roundup.
Binance Pulls The Plug: Token Deposits Suspended Due To Multichain Mayhem
Cryptocurrency exchange Binance has temporarily halted deposits of 10 specific tokens Thursday, a move prompted by ongoing problems with the Multichain Bridge initiative. Tokens impacted by this suspension are primarily…
Binance suspends deposits for bridged tokens, seeks clarity from Multichain team
Transactions on the Multichain protocol have been delayed across multiple cross-chain bridges without a clear explanation.
