On July 6, observers noted that about $102 million worth of crypto has been withdrawn from Multichain’s Fantom bridge on the Ethereum side, as well as $666,000 from Dogechain and $5 million from Moonriver.
On July 6, 7,214 Wrapped Ether (WETH) tokens ($13.6 million), 1,024 Wrapped Bitcoin (WBTC) ($31 million), and $58 million USDC were withdrawn from Fantom bridge’s Ethereum smart contract. byCryptocurrency withdrawals are available. Approximately $ 102 million in total.
In addition, the Dogechain bridge Ethereum contract haveWithdrawals of $666,000, which is more than 86% of all deposits. With only around $100,000 worth of assets remaining in the bridge, $5,872,661 worth of USDC and Tether (USDT) were also dropped.withdrawFrom Multichain Moonriver bridge on Ethereum with only $700,000 remaining.
Blockchain security firm Peckshield has shown the Fantom bridge transaction, saying “you may want to take a look.”
This has led people to comment that it looks like “Another big hack”
In a subsequent tweet, Multichain told Twitter followers that the move was unusual and that the team was “not sure what happened and is investigating.”
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