Fantom (FTM) Sheds 10% Following Multichain Bridge “Withdrawals”
Fantom (FTM) price has been experiencing a dip in the past few days. This fall appears to have worsened in the last 24 hours due to FUD (fear, uncertainty, and doubt) spreading amongst investors.
Timeline of Fantom, Multichain
Fantom Foundation: FTM Tokens Unaffected by Multichain's Issues! - Coincu
Key Points: Fantom Foundation has provided reassurance to FTM token holders, addressing concerns related to Multichain's issues. The foundation stated that FTM tokens, including those on wFTM, FTM ERC-20, and Opera, have never been released or managed by Multichain, ensuring their immunity from any potential impact.
Multichain Suspends Operations After Fantom Bridge Sees $122 Million Outflows - Coingape
On Thursday, July 6, the multichain bridge witnessed abnormally large outflows in what seems to be a multi-million dollar exploit of the platform. A few hours later, Multichain protocol announced that they have suspended the operations.
LayerZero Labs Introduces 4 New Tokens To Fantom Network For Increased Stability - Coincu
LayerZero Labs introduces USDC, USDT, WETH, and WBTC to Fantom with support from the ecosystem, bringing stability and longevity for projects, bridging available via Stargate Finance.
Binance takes precautionary measures, halts withdrawals, and deposits for Multichain tokens - Cryptopolitan
Binance, the leading cryptocurrency exchange, recently temporarily stopped processing withdrawals and deposits for several Multichain-bridged assets. In a Twitter post, the platform stated that these restrictions would take effect from the 7th of this month and remain in place for the foreseeable future.
Binance Ceases Support for 8 Multichain Bridge Tokens Amid Protocol Debacle - BeInCrypto
Binance, the largest crypto exchange by volume, withdrew support for eight Multichain bridge tokens, effective July 7, 2023. The decision comes after the previous suspension in May due to a partial pause in the functioning of cross-chain routes in the Multichain (MULTI) protocol.
Will Fantom's slow and steady approach drive FTM to reach new highs? - AMBCrypto
LunarCrush named Fantom [FTM] as the coin of the day based on its social and market performance. However, traders may still need to stay cautious despite all indicators in favor of the altcoin.
5 cryptocurrencies that could give 10x returns in alt season - Finbold
As the crypto market enters a new phase, the stage is set for a potential bull run driven by the increasing wave of institutional adoption. The recent surge in interest from major financial players has infused a renewed sense of optimism among crypto enthusiasts.
Magic Eden welcomes BRC-20 tokens to its multi-chain platform - Crypto news
In a stride towards diversification, NFT marketplace Magic Eden has recently divulged its initiative to assimilate BRC-20 token functionality within its open-source secondary marketplace and creator launchpad.
Fantom (FTM) Shows Resilience, Gains 15% In A Single Day - NewsBTC
Fantom (FTM) has been underperforming in the past few months, shedding virtually all the profits gained at the beginning of the year. However, the bulls seem to be back in control, as the cryptocurrency price indicates increased buying pressure.
‘Storage Proofs' Touted as Alternative to Hack-Prone Bridges in Multichain World - Coindesk
Storage proofs, a feature that could minimize cross-chain exploits by allowing users to keep their assets on one chain and prove that it's there on a different chain, will go live on Starknet soon.