Fantom Foundation Freezes Tokens Bridge to Multichain

New Information Flow from Multichain Fantom Foundation, one of the main financial sources for research and development activities of Fantom (FTM), has released a statement confirming proactive action following the latest information from the Multichain team, the struggling crypto bridge. The foundation confirmed that it took action in response to the news shared by the Multichain protocol on July 14, admitting the arrest of high-level figures under the leadership of Chinese authorities. The foundation requested the freezing of tokens bridged using the Multichain bridge, including Circle (USDC), Tether (USDT), and TrueUSD (TUSD), among other leading stablecoin issuers on its network. Stablecoins on the Fantom network, including USDC, USDT, and TUSD, which were bridged using the Multichain bridge, have been frozen as primary assets following a recent $130 million hack attack on the crypto bridge. The Multichain protocol confirmed the arrest of CEO Zhaojun on May 31 and his subsequent loss […] The post Fantom Foundation Freezes Tokens Bridge to Multichain appeared first on COINTURK NEWS.