{"id":81392,"date":"2023-07-07T10:42:07","date_gmt":"2023-07-07T07:42:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81392"},"modified":"2025-09-11T22:35:10","modified_gmt":"2025-09-11T19:35:10","slug":"multichain-suspends-operations-amid-possible-hack","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/multichain-suspends-operations-amid-possible-hack\/","title":{"rendered":"Multichain suspends operations amid possible hack"},"content":{"rendered":"

From cross-chain protocol<\/a> Multichain, tokens worth millions of dollars were moved out on the Fantom<\/a> network. Experts suspected an exploit, and the platform suspended operations.<\/p>\n

\\\"Multichain
Data: Twitter<\/a>.<\/figcaption><\/figure>\n

The moved tokens include 58 million USDC, 1020 WBTC ($30.9 million) 7200 WETH ($13.7 million) and 4 million DAI. The transactions also affected Chainlink, Curve DAO, YFI, Wootrade and UniDex.<\/p>\n

The Multichain team confirmed that assets were being withdrawn without authorization, and launched an investigation into the incident.<\/p>\n

\\\"Multichain
Data: Twitter<\/a>.<\/figcaption><\/figure>\n
\n

\u201cThe service is currently halted; all bridge transactions will be stuck in their source networks. The timeline for resumption is unknown,\u201d the developers said.<\/p>\n<\/blockquote>\n

Users also noted withdrawals of assets from the Multichain bridge to Moonriver, including $4.8 million USDC and $1 million USDT.<\/p>\n

\\\"Multichain
Data: Twitter<\/a>. <\/figcaption><\/figure>\n

The Fantom Foundation \u0437\u0430\u0432\u0435\u0440\u0438\u043b\u0438<\/a> users that the Multichain incident did not affect the network’s own tokens and that assets remain safe. However, the price of FTM over the last 24 hours fell by 10%<\/a>, and the MULTI token over this period dropped by 16%<\/a> (CoinGecko).<\/p>\n

In May, Multichain experienced technical issues<\/a> during a network upgrade. The team faced difficulties in addressing them due to loss of contact with the project\u2019s CEO<\/a> Zhao Jun.<\/p>\n

Binance suspended support<\/a> for cross-chain bridge-related tokens following the May incident.<\/p>\n","protected":false},"excerpt":{"rendered":"

From the Multichain cross-chain protocol, tokens worth millions of dollars were moved out on the Fantom network. Experts suspected an exploit, and the platform suspended operations.<\/p>\n","protected":false},"author":1,"featured_media":81393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1154,1210,2277],"class_list":["post-81392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crimes","tag-cross-chain-protocols","tag-multichain"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=81392"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81392\/revisions"}],"predecessor-version":[{"id":81394,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81392\/revisions\/81394"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/81393"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=81392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=81392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=81392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}