Multichain Bridge Sees Massive Assets Outflow, the Team Said not Know What Happened

A large amount of multi-chain assets of about 125 million US dollars in the cross-chain protocol Multichain outflowed to multiple wallets, and Multichain: Fantom Bridge outflowed 122 million assets. The Multichain asset bridge is currently suspended.

The official Multichain tweet stated that The lockup assets on the Multichain MPC address have been moved to an unknown address abnormally. The team is not sure what happened and is currently investigating. It is recommended that all users suspend the use of Multichain services and revoke all contract approvals related to Multichain.

Last month, Multichain Says It Can't Contact CEO, to Suspend Cross-chain Service for Some Chains

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.