.MultichainOrg is investigating what may be another attack on the protocol
to Arkham Intelligence data, the protocol has seen as much as $125 million in assets moved away from the platform to different chains. While it remains unclear how much has been lost, the Fantom Bridge has seen a total departure of 122 million assets.
In a bid to minimize the carnage being caused by unknown actors, the Multichain Bridge has been suspended, a move that is becoming quite frequent with the protocol. Commenting on the event, the Multichain team said it is investigating the incident, affirming 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…Besides the halting of the chain to deter additional funds movement, the Multichain team advised its users to revoke all contract addresses related to the protocol as a more proactive preventive measure.
A unique impact of these exploits is that users are now able to swap or move assets across the bridge at a significant discount. Impacted chains include Fantom, Moonriver, Kava, Dogechain, Conflux and ETHW.
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