Tokens $FTM, $MOVR and $DC slumped over 10% despite these networks not being directly impacted by the MultichainOrg bridge exploit. By shauryamalwa
Cross-chain router Multichain developers have confirmed an exploit that impacted $130 million in user-supplied tokens and cautioned users against using its service, as per Friday tweets.“It is recommended that all users suspend the use of Multichain services and revoke all contract approvals related to Multichain,” they said. “The Multichain service stopped currently, and all bridge transactions will be stuck on the source chains. There is no confirmed resume time.
On-chain analytics firm Lookonchain estimated $62 million worth of USD coin , $31 million in wrapped bitcoin and $13 million in wrapped ether made up the largest stolen amounts, citing blockchain data. Stolen tokens have not been sent to exchanges or passed through mixing services such as Tornado Cash as of Asian afternoon hours on Friday.Fantom dropped 9.9% even as developers addressed concerns among community members. “For the avoidance of doubt, FTM was never issued or managed by Multichain, so wFTM, FTM ERC-20, and FTM on Opera are not affected,” Fantom Foundation
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