In July 2023, it was reported that the well-known cross-chain protocol Multichain has been hacked and team members were taken away by the Chinese police. Simultaneously, there were rumors of abnormal transfers of user assets, amounting to as much as 126 million US dollars. The affected public chains include Fantom, Ethereum, and Polygon, among others.
Multichain Victims Rejoice! Fantom Seeks Liquidation of Multichain Assets, Aims to Recover $60 Million Loss