Cross-chain protocol Multichain potentially hacked for $126 million! Reasons under investigation, official: services suspended, authorizations revoked

The well-known cross-chain protocol Multichain was reported hacked this morning, with approximately $126 million in assets abnormally transferred. The official team is currently investigating the cause of the incident and advises users to refrain from using its services and revoke any related contract authorizations.

MultiChain Hacked for $126 Million, Details Await Clarification

According to the monitoring report from cybersecurity firm PeckShield, MultiChain was hacked in the early hours today, with approximately $126 million worth of encrypted assets transferred to 6 unidentified wallets via Fantom and Moonriver, including various stablecoins and mainstream assets.

MultiChain's official statement released this morning also confirmed that assets locked in MultiChain MPC addresses were abnormally transferred, and the team is currently investigating the incident, with further details pending clarification.

Meanwhile, MultiChain has advised all users to cease using any of their services and revoke any contracts authorized with MultiChain.

For withdrawal requests, users can refer to the Revoke withdrawal website for instructions.

The lockup assets on the Multichain MPC address have been moved to an unknown address abnormally.
The team is not sure what happened and is currently investigating.

It is recommended that all users suspend the use of Multichain services and revoke all contract approvals…

— Multichain (Previously Anyswap) (@MultichainOrg) July 6, 2023