Cryptocurrency Network Multichain Hacked Again, Posing Risks for Investors

Multichain, a network promoting itself as the “genuinely functional enterprise blockchain”, and pledging to decrease the development time of corporate blockchain networks by up to 80%, has faced another hacking incident. A New Hack Shock to Multichain! The project, developed by Coin Sciences, has been in progress since 2017 and is known for providing unlimited asset support and blockchain customization. The Fantom bridge of the recently hacked Multichain was reportedly compromised by malevolent individuals. The catastrophic event has caused serious damage to ETH, WBTC, DAI, USDC, and LINK tokens, shaking the cryptocurrency markets. Hackings, which have been occurring since the introduction of cryptocurrencies, often result in a decrease in investor trust, negatively impacting token prices. BTC Movements! Historically, if the hacked cryptocurrency network had a native token, it was usually one of the most affected by such events. Meanwhile, a significant surge in Bitcoin (BTC) prices was observed today, with […] The post Cryptocurrency Network Multichain Hacked Again, Posing Risks for Investors appeared first on COINTURK NEWS.