• Multichain experiences an abnormal movement of funds from locked assets.
• A tracking platform discloses that $127 million were moved due to the breach.
• The CEO of Binance offered to assist Multichain, while assuring Binance’s own users were unaffected.

In a shocking turn of events, Multichain, a prominent cross-chain router protocol with a trading volume of over $100 billion, has fallen victim to a mysterious hack resulting in the loss of $127 million of locked assets.

The protocol took to Twitter to inform users about the incident, advising them to immediately suspend Multichain services and revoke all contract approvals related to the platform.

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 Multichain services and revoke all contract approvals…

— Multichain (Previously Anyswap) (@MultichainOrg) July 6, 2023

Following the distressing news, Multichain’s team initiated an investigation to ascertain the nature and extent of the incident.

Lookonchain, a well-known market tracker, re…

The post Multichain Suffers Another Mysterious Hack with $127M Assets Stolen appeared first on Coin Edition.

• Multichain experiences an abnormal movement of funds from locked assets.
• A tracking platform discloses that $127 million were moved due to the breach.
• The CEO of Binance offered to assist Multichain, while assuring Binance’s own users were unaffected.

In a shocking turn of events, Multichain, a prominent cross-chain router protocol with a trading volume of over $100 billion, has fallen victim to a mysterious hack resulting in the loss of $127 million of locked assets.

The protocol took to Twitter to inform users about the incident, advising them to immediately suspend Multichain services and revoke all contract approvals related to the platform.

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 Multichain services and revoke all contract approvals…

— Multichain (Previously Anyswap) (@MultichainOrg) July 6, 2023

Following the distressing news, Multichain’s team initiated an investigation to ascertain the nature and extent of the incident.

Lookonchain, a well-known market tracker, re…

The post Multichain Suffers Another Mysterious Hack with $127M Assets Stolen appeared first on Coin Edition.