Analysts record a $103 million outflow of crypto assets from Multichain

Beosin researchers обнаружили a new outflow of funds from the cross-chain protocol Multichain.

According to on-chain analysis, crypto assets worth more than $103 million were withdrawn to address 0x1eed63efba5f81d95bfe37d82c8e736b974f477b, including:

• USDC: $23,999,250
• fUSDT: $29,657,932
• WBTC: $2,139,053
• WETH: $17,168,126
• ETH: $10,102,001
• DAI: $2,994,317

Beosin experts noted that transfers were carried out across multiple networks: Fantom, Arbitrum, Optimism, Cronos, Polygon, Avalanche, BNB Chain, Moonbeam and Ethereum. Accordingly, a substantial number of private keys may have been required.

Researchers also noted large gaps between transfers—a pattern suggesting potential involvement of someone connected to the project.

This is a sign that the attacker may have taken control of all assets and is not rushing to move them. Based on previous analysis, we believe this could be an internal operation.

The alleged exploit occurred on July 6, after which the platform suspended operations. The total outflow since the incident amounts to about $230 million.

Earlier, Circle and Tether froze the assets withdrawn from Multichain worth $65 million.