Multichain Executor has been 'draining' AnySwap tokens: Report
The contract has used an “anySwapFeeTo” function to transfer hundreds of thousands of dollars worth of tokens to itself, which on-chain sleuth Spreek suspected may have been malicious.
MULTI |
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Timeline of Multichain
Chainalysis report raises concerns that Multichain's attacker may have inside connections - CryptoSlate
Blockchain analytical firm Chainalysis suggested that Multichain's (MULTI) recent exploit could be a rug pull from insiders, according to a July 10 report on the incident. While DeFi hackers have a specific affinity for targeting cross-chain bridges, this one is quite suspicious due to the issues facing Multichain before the incident, according to Chainalysis.
Was Multichain A Rug Pull? - Crypto Daily
Blockchain security and analytics firm Chainalysis has suggested that the multimillion-dollar exploit of the Multichain Protocol could be indicative of a rug pull. Multimillion Dollar Exploit Was Inside Job?
Multichain Witnesses Abnormal $117M Crypto Outflows - Coincu
Multichain has recently experienced a wave of significant abnormal outflows over the past 12 hours, resulting in assets worth approximately $117 million being transferred to a new address: 0x1e
Multichain Reports Unusual Outflows Worth Over $100M - Blockchain News
In the past 12 hours, a large amount of assets has unusually flowed out from Multichain. These assets, which include a variety of cryptocurrencies, have been transferred to the new address: 0x1eed63efba5f81d95bfe37d82c8e736b974f477b.
CyVers Says They Were First to Discover Multichain Mega Hack - CrowdFundInsider
Blockchain security firm CyVers is claiming first in uncovering the Multichain mega hack that saw over $126 million pilfered from the protocol. As was previously reported, Multichain halted its network on the hack just a month after the entity's CEO disappeared.
Hackers of Multichain Seek Profit with Circle and Tether Stealing Frozen Funds - Coinspeaker
Stablecoin issuers Circle and Tether have initiated action and blacklisted more than $67 million of stolen funds in USDC and USDT, which is around 50% of the stolen amount from the cross-chain protocol.
Stablecoin Issuers Circle and Tether Freeze Stablecoins Tied to Multichain Exploit: On-Chain Data - The Daily Hodl
Blockchain data reveals that stablecoin firms Circle and Tether have frozen coins linked to the recent multi-million-dollar Multichain exploit. Earlier this week, blockchain security firm PeckShield found that Multichain, a cross-chain crypto platform, saw its Fantom (FTM) bridge hacked to the tune of $126 million worth of digital assets.
DeFi Security Breach: Multichain Blockchain Network Suspended After Potential $130M Hack - CrowdFundInsider
Multichain has reportedly halted its network on a suspected $130 million hack, a move that has come just a month after the initiative's CEO disappeared. The Multichain service stopped currently, and all bridge transactions will be stuck on the source chains.
Circle, Tether freeze over half of the $126M assets stolen from Multichain breach - CryptoSlate
Circle and Tether have blacklisted five addresses containing $67.5 million worth of assets stolen from MultiChain on July 7. USD Coin (USDC) issuer Circle froze three accounts holding $65 million worth of stolen assets, including 63 million USDC, PeckShield tweeted.
Multichain Hack: This Impersonator is Out to Defraud More Users - Coingape
It looks like hackers are not taking a break at all as just a few hours after the Multichain hack, these bad actors are on the rampage again. This time around, they have taken to Twitter to circulate a phishing link.