Multichain Protocol Falls Prey to Massive Cyber Theft: Millions at Stake

The Multichain (MULTI) protocol has reportedly become the target of a major cyberattack. It is believed that significant funds, amounting to millions of dollars, have been stolen from the protocol. Binance‘s CEO, CZ Changpeng Zhao (CZ), made a statement regarding the alleged attack on the Multichain protocol, reassuring Binance users that their funds are safe. Multichain Protocol Under Siege On July 6th, approximately $125 million in multi-chain assets were reportedly removed from wallets associated with the Multichain protocol. The majority of the $122 million fund movement was noted to have occurred on the Fantom bridge, with notable movement of wBTC, USDC, USDT, and other altcoins. Binance’s CEO, CZ, issued a statement in response to the incident, “It seems there has been another attack on Multichain. This did not affect Binance or its users. We switched all bridged assets some time ago and have suspended deposits. Despite everything, we are offering […] The post Multichain Protocol Falls Prey to Massive Cyber Theft: Millions at Stake appeared first on COINTURK NEWS.