Turmoil Continues in Multichain: Abnormal Crypto Movements Detected

News surfaced in May of China’s arrest of the team behind the crypto bridge Multichain (MULTI), followed by a hacking incident resulting in the alleged theft of millions of dollars in cryptocurrency. The turbulence in Multichain continues with the detection of new abnormal activities last week, following an alleged hack theft of $130 million. 117 Million Dollars of Cryptocurrency Moved in 12 Hours Chinese cryptocurrency journalist Wu Blockchain reported abnormal cryptocurrency outflows from Multichain bridge within the last 12 hours. The funds were primarily transferred to a new address. According to reports, there was a $117 million worth of cryptocurrency outflow from Multichain’s “0x1e…477b” wallet. Data compiled by Wu Blockchain indicates outflows from Multichain’s Fantom bridge of 11.91 million DAI, 13,146 ETH, 10.1 million USDC, 64 million USDT, 52 BTC; from Arbitrum bridge 2,891 WETH, 8.7 million USDC, 7.5 WBTC; from BNB Chain bridge 209,000 USDC, 50.8 BTCB; from Avalanche […] The post Turmoil Continues in Multichain: Abnormal Crypto Movements Detected appeared first on COINTURK NEWS.