Multichain halts on suspected $130M hack, 1 month after CEO disappeared
Multichain has indefinitely halted its services after recognizing an unusual movement of a large number of tokens from its bridging networks to an unidentified address. On-chain sleuths had earlier raised the possibility of a multi-million dollar exploit after noticing crypto was being pulled out from Multichain’s multi-party computation network. “The team is not sure what happened and is currently investigating,” Multichain tweeted late Thursday. “It is recommended that all users suspend the use of Multichain services and revoke all contract approvals related to Multichain.” Multichain, formerly Anyswap, is meant to allow users to bridge their crypto assets between various blockchain networks. The team said all bridge transactions will remain stalled on their originating chains. No definitive timeline for when services will be back was announced. Loading Tweet.. Hours earlier, blockchain security firm PeckShield warned Multichain about sketchy activity on its Fantom (FTM) bri...