Multichain's Fantom bridge was seemingly exploited for nearly $130 million. Stablecoin issuers have frozen the funds that were moved.
Multichain's Fantom bridge was seemingly exploited for nearly $130 million after an attack that siphoned assets from a number of bridges. That amounted to nearly the entirety of the project's wBTC, USDC, and USDT. Strangely, not all tokens in the bridge were taken and the assets weren't sold .
On Friday, the Fantom Foundation said that Circle had frozen three addresses containing $60 million worth of USDC on Ethereum.© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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