Multichain Security Incident: $126.00M Reported Loss
Around $126 million worth of tokens have been withdrawn from the Multichain bridge on the Fantom network.
- Reported loss
- $ 126,000,000
Incident Overview
7,200 WETH (approximately $13.7 million) and $4 million in stablecoin DAI (the above four tokens are worth more than $100 million), which also includes other tokens such as Chainlink, YFI, Wootrade Network, and UniDex’s total supply nearly a quarter. Assets also appear to be moving on Multichain’s Moonriver bridge, including 4.8 million USDC and 1 million USDT. Dogechain also experienced abnormal fund flows, and at least 660,000 USDC were sent to the same wallet as Moonriver's fund flows. Multichain tweeted that the “team is unsure of what happened and is currently investigating” and advised users to stop using the service and withdraw contract approval.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.